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Crude Oil - The Commodities Feed: Risk premium for oil diminishes
ICE Brent prices slipped further yesterday and settled at around US$88/bbl as the risk premium has diminished. Crude oil prices have given up nearly half of the gains made after the Hamas attack on Israel. The risk of an escalation can not be ruled out, but economic concerns weigh on prices in the short term.
U.S. likely to tighten sanctions on Iran crude oil amid Israel-Hamas war, RBC's Helima Croft says
RBC's Helima Croft said the West and President Joe Biden's administration would, "at a minimum," consider a retaliatory gesture of curbing Iranian exports.
Commodity Capsule: Brent crude oil below $88; gold and copper rise silver price bullion watch video
Brent crude futures hover under the $88 a barrel mark, and US West Texas Intermediate crude futures hover with a weak bias near $83 a barrel.
High-Tech Oil Thieves: Nigeria’s Battle Against Crude Oil Theft
In the heart of Africa, in the labyrinthine waterways of the Niger Delta, the Nigerian National Petroleum Company Limited (NNPCL) reported a staggering 149 incidents of crude oil theft within a single week.
Crude Oil Futures: Further retracement could be losing momentum
Considering advanced prints from CME Group for crude oil futures markets, open interest went down for the second straight session on Tuesday, this time by around 10.3K contracts. Volume, on the other hand, reversed two consecutive daily pullbacks and rose by nearly 226K contracts.