P133 AERTEL 1 133 Wed 23 Feb 08:42:31 1/4 OIL PULLS BACK ON FADING WORRIES 23 Feb 2022 07:06 Oil prices took a breather this morning after surging to seven-year highs the previous session as it became clear the first wave of US and European sanctions on Russia for sending troops into eastern Ukraine would not disrupt oil supplies. At the same time, the potential return of more Iranian crude to the market, with Tehran and world powers close to reviving a nuclear agreement, also kept a lid on prices. AERTEL ONLINE - RTE.IE/AERTEL Next ISEQ Dublin Stocks Business
P133 AERTEL 1 133 Wed 23 Feb 08:41:29 2/4 OIL PULLS BACK ON FADING WORRIES 23 Feb 2022 07:06 Brent crude rose 30 cents, or 0.3%, to $97.14 a barrel early this morning, after soaring as high as $99.50 yesterday, the highest since September 2014. US West Texas Intermediate (WTI) crude futures also gained 30 cents, or 0.3%, to $92.21 a barrel, after hitting $96 yesterday. AERTEL ONLINE - RTE.IE/AERTEL Next ISEQ Dublin Stocks Business
P133 AERTEL 1 133 Wed 23 Feb 08:41:49 3/4 OIL PULLS BACK ON FADING WORRIES 23 Feb 2022 07:06 "The NATO allies are holding back some punitive measures as bargaining chips, which also means the door to diplomacy is still open. The Iran nuclear deal remains a possibility until it is not," said Vandana Hari, founder of oil market analysis provider Vanda Insights. "The two factors will leave crude rangebound and hold Brent back from $100 for the time being," Hari added. AERTEL ONLINE - RTE.IE/AERTEL Next ISEQ Dublin Stocks Business
P133 AERTEL 1 133 Wed 23 Feb 08:42:10 4/4 OIL PULLS BACK ON FADING WORRIES 23 Feb 2022 07:06 Prices jumped yesterday on worries that western sanctions on Russia for sending troops into two breakaway regions in eastern Ukraine could hit energy supplies, but the US made it clear there would be no impact on energy exports. AERTEL ONLINE - RTE.IE/AERTEL Next ISEQ Dublin Stocks Business