Sunday, March 16, 2025 | 03:39 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Oil prices rise amid supply disruptions, US call to shun Iran crude

The United States demanded all countries stop imports of Iranian oil from November

oil, crude oil, oil rig
Premium

Henning Gloystein | Reuters Singapore
Oil prices rose on Wednesday following supply disruptions in Libya and Canada and after US officials told oil importers to stop buying Iranian crude from November.

Brent crude futures rose 15 cents, or 0.2 per cent, to $76.46 per barrel at 0146 GMT, from their last close.

US West Texas Intermediate (WTI) crude futures were at $70.70, up 19 cents, or 0.3 per cent.

The United States demanded all countries stop imports of Iranian oil from November, a State Department official said on Tuesday.

Oil markets did not react more strongly to Washington’s pressure as the move was expected.

In

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in