Oil prices linger at 3-week lows amid reduced Iran worries

Tuesday sees oil prices remain at more than 3-week low as Iranian crude supply fears fade

Oil prices dipped on Tuesday, with Brent crude futures slipping below $87 a barrel, after posting their lowest close in almost a month during the previous session.

West Texas Intermediate (WTI) crude for June delivery decreased by 54 cents, or 0.6%, landing at $81.38 a barrel on the New York Mercantile Exchange.

Similarly, June Brent crude futures, the international oil benchmark, dropped 49 cents, or 0.6%, to $86.51 a barrel, recording its lowest close since March 27, as per Dow Jones Market Data.

May gasoline prices declined by 0.9% to $2.66 a gallon, while May heating oil decreased by 0.8% to $2.55 a gallon.

Tính toán lợi nhuận Hàng hóa của bạn

Tính mức ký quỹ yêu cầu giả định của bạn cho một vị thế Hàng hóa, nếu bạn đã mở nó ngay bây giờ.

Danh mục

Kim loại

Kim loại

Năng lượng

Hàng hóa mềm

Commodities

Công cụ

Giá ghi sổ

Giá xuất sổ

Ngày mở

Ngày đóng

Các loại tài khoản

Bán lẻ Chuyên nghiệp

Hướng

Bán Mua

Khối lượng

Số tiền phải lớn hơn hoặc bằng

Số tiền phải ít hơn

Số tiền phải là một cấp số nhân của tiền lãi tối thiểu

Tính toán

USD

USD

EUR

GBP

CAD

AUD

CHF

ZAR

MXN

JPY

Chênh lệch

-

Phí chuyển đổi

$-

Hoán đổi Qua đêm

$-

Hoa hồng

$-

Lãi/Lỗ

$-

"được hiển thị bằng tiền tệ của mã"

Lãi/Lỗ

$-

"được hiển thị bằng loại tiền tệ của tài khoản"

Mức giá chuyển đổi hiện thời:

-

Bắt đầu giao dịch

Hiệu suất trong quá khứ không phải là chỉ báo đáng tin cậy cho kết quả tương lai.

Bloomberg reports fresh US sanctions on Iran will have limited impact on crude supply

Brent crude traded below the $87 mark and WTI stayed below $82 on Tuesday morning after Bloomberg reported that recent U.S. sanctions aimed at vessels and refineries involved with Iranian oil shipments would have a limited impact on crude supply.

Last Thursday, the U.S. and U.K. announced a new set of sanctions against Iran amid growing concerns that Tehran's unprecedented assault on Israel could escalate into a broader regional conflict across the Middle East.

However, market analysts suggest that the Biden Administration may not enforce these restrictions stringently in an election year, potentially using waivers to mitigate the effects on the oil price, Bloomberg noted on Monday.

Analysts say oil prices may see support from “simmering” geopolitical fear

Tom Essaye, founder of Sevens Report Research, commented to MarketWatch that there remains a "simmering" geopolitical fear in the oil markets, keeping futures above the $80 per barrel mark. He noted that this fear is likely to persist until a "more formal” ceasefire is established in the Middle East.

Despite geopolitical risks, Essaye highlighted in a Tuesday client note that the prospect of sustained higher interest rates also poses a future risk to demand. That being said, most recent economic data remains robust, supporting the case for oil futures to sustain prices above $80 in the near term.

As of 13:20 GMT on Tuesday, oil prices remained subdued, with the WTI front-month contract on the NYMEX trading down 0.77% at $81.23, while Brent crude futures for June delivery were down 0.76% at $86.34 on the ICE Futures Europe market.

When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.

Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.