LIVE CRUDEOIL NEWS UPDATED BY WWW.OCTAMX.COM ( 9557753468 , 9756212123)

Oil prices retreated on Tuesday in Asia despite continuing tension between the U.S. and Iran.Oil prices surged on Monday following the news that a U.S. airstrike killed a top Iranian general, sparking an escalation in conflict between the two countries.The American Petroleum  Institute  will  release its  snapshot  of U.S. oil inventories later in the day.Prices were also supported this week by higher compliance  among the Organization  of  the Petroleum  Exporting  Countries (OPEC)  on meeting production quota curbs aimed at reducing  supply.“ The  market  is  recovering  from the  initial  shock and  closely  monitoring how  Tehran  will respond,”  said  Will Sungchil  Yun,  commodities  analyst  at  VI  Investment  Corp  in  a Bloomberg report.On Monday, the U.S. has ordered more troops to  the  Middle  East  after  Iran’s  Supreme  Leader Ayatollah  Ali Khamenesaid it will retaliate against the attack  that killed General Qassem Soleimani.

 

www.octamx.com

Leave a Reply

Your email address will not be published. Required fields are marked *

Skip to toolbar