Oil prices fell more than 1% after the US and Iran signed an interim deal to end their conflict, with Tehran set to reopen the Strait of Hormuz and restore disrupted energy flows.

Crude oil prices fall more than 1% as Hormuz set to reopen after US-Iran peace deal

Oil prices have fallen below $80 a barrel for the first time since the war began after the US and Iran announced a peace agreement. Markets were further encouraged by reports that Washington could ease sanctions on Iranian oil exports, boosting hopes of increased global supply.

Oil drops below $80 for first time since war began as US-Iran peace hopes grow

Oil futures were little changed in Asia on Wednesday as hopes of improved Chinese demand offset uncertainty about how a Western cap on Russian oil prices would play out, keeping markets on edge after a sharp fall in the previous session.

Oil steadies after fall as China demand revival hopes offset Russia price cap uncertainty

World stocks on Friday closed out their steepest weekly slide since the pandemic meltdown of March 2020, as investors worried that tighter monetary policy by inflation-fighting central banks could damage economic growth.

Stocks in biggest weekly loss since 2020 on interest-rate worries

Oil prices slipped on Thursday, reversing early gains under pressure from rising COVID-19 infections in India and elsewhere although prices retained some support from a report the previous session that showed US crude inventories fell much more sharply than expected.

Oil prices slip on worries of pandemic surge in India

The Gulf countries are also hit by the coronavirus pandemic and the global growth is likely to slow down further. Watch report.

Coronavirus Pandemic: Middle East, Central Asia growth slows, Lower oil prices

US benchmark WTI oil collapsed to $0.01 a barrel in New York as the coronavirus epidemic ravaged the oil market. Also Read: Oil prices tumble to $11 amid oversupply, fall in demand due to coronavirus A major supply glut and the coronavirus epidemic which has led to a fall in demand led to a crash in prices never seen before in the international oil prices.

Amid coronavirus pandemic, US benchmark WTI oil collapses to $0.01 a barrel

International oil prices fell to a new low tanking 40 per cent to $11 a barrel as steep fall in demand due to the coronavirus epidemic rattled the oil market. Also Read: Protestors converge at Washington state capitol to rally against coronavirus curbs Oil prices reached the lowest point since 1998.

Oil prices tumble to $11 amid oversupply, fall in demand due to coronavirus

Oil prices rose ten per cent on Tuesday after Russia indicated that it was open to cooperation with OPEC, a day after prices recorded biggest one-day percentage decline since the first Gulf War in 1991.

Oil prices rise 10% after Russia indicates 'open to cooperation with OPEC'

Global oil prices crashed four per cent on Friday over the spread of coronavirus as panic gripped world markets worldwide. Oil prices are on track to record the biggest slump in more than four years.

Oil prices crash 4% over spread of coronavirus, on track for biggest weekly drop in over 4 years

Oil prices sank about 1 per cent on Tuesday as fears that energy demand would take a long-term hit from the growing coronavirus outbreak outweighed hopes for more production cuts from OPEC and its allies.

Oil falls 1% as demand fears outweigh hopes for bigger OPEC+ cuts

Tensions escalate in the Middle East after the killing of Iranian commander of Quds Force, Qasem Soleimani by the USA erased new year gains on Monday as investors pushed safe-haven gold to a seven-year high, and oil jumped to its highest since September.

Global Markets: Shares swept new year gains, gold, oil prices jumps on US and Iran trade threats

Oil prices fell on Monday, but were holding near recent three-month highs amid expectations that the United States and China will soon agree on a trade deal, with President Donald Trump saying an agreement would be signed "very shortly".

Oil eases but supported by trade deal hopes

Oil prices fell on Wednesday on disappointing economic data from China and a rise in US crude inventories, erasing some of the sharp gains in the previous session after the US said it would delay tariffs on some Chinese products, easing trade tensions.

Oil prices fall as China economic data disappoints, US inventories gain

Outside the United States, however, oil markets remained tense as exemptions to US sanctions on Iran expired, a political crisis in Venezuela escalates, and as producer club OPEC keeps withholding supply.

Oil prices dip on record US output as Iran oil exemption ends

Oil prices fell on Monday, extending the Friday decline that halted a weeks-long rally after President Donald Trump demanded that producer club OPEC raise output to soften the impact of US sanctions against Iran.

Oil falls after Trump presses OPEC to offset Iran sanctions

Oil prices fell on Wednesday after a report allayed concerns about tightening supply, ending a rally that took prices to their highest since early November on concerns that OPEC output cuts and sanctions would take too much oil out of the market.

Oil prices fall from a six-month high on signs the market not as tight as feared

Oil prices fell by around 1 per cent on Monday as drilling activity in the United States, the world's largest oil producer, picked up and financial markets were pulled down by trade concerns.

Oil prices fall as US rig count rise, trade concerns

Oil prices fell on Thursday amid volatile currency and stock markets, coupled with concerns that an economic slowdown in 2019 will cut into fuel demand just as crude supplies are surging.

Oil prices fall over volatile currency, slowdown worries

oil-prices-fall

Oil Prices Fall, News on Oil Prices Fall, stories on Oil Prices Fall, articles on Oil Prices Fall, Oil Prices Fall stories at Wion, Oil Prices Fall news, Oil Prices Fall latest news

oil prices-fall