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Home›Commodities›Energy›Oil rises as Trump rejects Iran peace proposal

Oil rises as Trump rejects Iran peace proposal

Brent was around $107.2 a barrel, while WTI was near $94.1, with WTI also pressured by reports of a possible temporary diesel ban.

Reported · Written up by our desk · Energy

Crude oil prices jumped at the start of the week after President Trump rejected a peace deal proposal presented by Iran at the UN General Assembly, OilPrice reports.

At the time of writing, Brent crude was trading around $107.2 per barrel and West Texas Intermediate was near $94.1 per barrel.

OilPrice also pointed to pressure on WTI tied to news that the U.S. federal government may institute a temporary ban on diesel, which could force refiners to adjust operations.

Latest closeWTI crude $91.10 ▲3.2%|Brent $103.93 ▲3.7%

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Sources

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