Thursday , October 6 2022

East Oil declines in Asia


Hong Kong (awp / afp) – Oil prices tend to be lower on Tuesday in Asia, after US penalties came into force against Iranian oil, alleviated & # 39; partially by temporary exceptions.

About 0545 GMT, the barrel of "sweet sweet crude" (WTI), United States crude reference, issued in December, 13 cents to 62.97 dollars in electronic exchanges in Asia.

Brent crude, European benchmark presented in January, dropped 30 cents to 72.87 dollars.

The market had been preparing for implementing measures issued by Washington to put pressure on Tehran.

US PM Mike Pompeo announced Monday that the United States allowed eight countries, including China, India, Japan, South Korea and Italy, to continue to buy Iran's oil temporarily. .

"The question now is whether the fall in prices took into account the doubts about slowdown in the global economy and supply risks, which would reduce & # 39; The dangers of more obvious demolition, "said Stephen Innes, an analyst in Oanda.


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