Oil Prices Fall As U.S. Signals Possible Waivers On Iran Sanction - 9jaflaver

WELCOME TO 9JAFLAVER

NEWS  |  SPORTS  |  CELEBRITY GIST  |  MIXTAPE  |  COMEDY VIDEOS  |  JOKES  |  TECH  |  FASHION


PROMOTE MUSIC | ADVERTISE | SUBMIT FREEBEAT


Search anything below

ads4

Oil Prices Fall As U.S. Signals Possible Waivers On Iran Sanction

Price of Brent crude oil fell more than 1 percent on Monday after Washington said it may grant Iran some waivers next month.

Brent crude oil declined from over $86 a barrel recorded last week to $83.53 a barrel on Monday. While the U.S. West Texas Intermediate (WTI) drop 54 cents to $73.80 per barrel.

U.S. sanctions are expected to target Iran’s crude oil exports from November 4 and further cut global oil supplies. A move experts believe will push global oil prices to $90 a barrel by Christmas and $100 a barrel by the New Year.

However, in an effort to force lower oil prices as largely demanded by President Trump, a U.S. government official said on Friday that the administration is considering some exemptions for countries that have already reduced their imports of Iranian oil.

A sign Iran oil exports won’t drop to zero in November as India alone is expected to buy 9 million barrels in November, according to a report by Reuters.

Accordingly, hedge funds cut their bullish bets on U.S. crude to the lowest level in almost a year, data showed on Friday.

Again, the ongoing trade war between the US and China also weighed on crude outlook on Monday, especially after data showed the world’s largest importer of crude oil, China’s, manufacturing purchasing managers index grew slower than expected for a second consecutive month.

Chinese stocks declined on Monday despite the People’s Bank of China lowering its bank’s reserve ratio. Another indication of weak business sentiment amid rising uncertainty.

Source:- Investorsking



CLICK HERE TO COMMENT ON THIS POST
Promote Your Music, Video, Comedy Skit Here On 9jaflaver

Call Only:- +2348173379226 or +2348143945195


SPONSORED LINKS


TRENDING SONGS OF THE WEEK


Poverty Die
Olamide

Double Double
Rudeboy Ft Phyno And Olamide

One Ticket
Kizz Daniel Ft Davido

On The Low
Burna Boy

Osanle
Zlatan Ibile Ft Davido

Anoda Bad Guy
Fly C

Lovin
Simi

Dagbana
Rankfiizy Ft Eflex

Gbona
Burna Boy

Fever
Wizkid

Able God
Chinko Ekun

Motigbana
Olamide
...

SWIPE LEFT TO VIEW MORE


DOWNLOAD ALSO


» One Africa (Prod By Double D)




» Rhema – Ogalanya




» I Square – Christmas Day




» Oseka Markambaly – Thank You For Christmas




» TonyNoCase (TNC) – Oh Mama




» Chichi – Only You




» TonyNoCase (TNC) – Chukwu Mere Ya




» Justin Kay Ft Mr Spell – I love You




» Dizzy K Ft DJ Badoski – Ijo Shaggi




» Time X Kin – Time




» Sanny Jammy – Pamurekeji




» Rankfiizy Ft Eflex – Dagbana




.

🎵 Want Latest Nigerian Songs? Click HERE



Comment Below:-

Enter Name Below (Optional)

          Enter Comment Below:-


SPONSORED LINKS





© 2014-2018 9jaflaver. All Rights Reserved.

About us||Content Remova||Privacy Policy|Contact us

Advertis|Request For Music

9jaflaver is not responsible for the content of external sites.