Oil headed for weekly fall, prospect of Iran deal stokes fears of extra supply


SIMGAPORE, Feb 18 (Reuters): Oil prices extended losses on Friday, and were headed for a weekly fall, as the prospect of extra supply from Iran returning to the market eclipsed fears of a possible supply disruption arising from a Russian invasion of Ukraine.

Brent crude futures fell 65 cents, or 0.7%, to $92.32 a barrel at 0725 GMT, extending a 1.9% drop from the previous session.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Oil , Losses , Price Dipping , Iran , Over Supply

   

Next In Aseanplus News

Asean News Headlines at 10pm on Sunday (Jan 12, 2025)
Jeju Air crash: How black boxes preserve vital clues to air disasters
Ampang abuse case: Police seize blunt objects from dead 7-year-old's mother, boyfriend
China professor in firing line for claiming women can live to 100 if they have 10 kids
‘No new virus’ in China and flu rates also lower this year, health authorities say
Explainer-How black boxes preserve vital clues to air disasters
Powered by Pakistani stars; Matador Hockey Club eyeing bullish run in MHL debut season
Man in Singapore arrested after allegedly urinating on Outram Park MRT escalator handrail
Harimau Malaya development allocation raised to RM30mil, says PM
Indonesia and Japan promise deeper defense and economic ties as regional tensions spike

Others Also Read