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FILE PHOTO: The sun sets behind a pump-jack outside Saint-Fiacre

Oil plummets to its lows of the day after President Trump says Iran ‘appears to be standing down’ in the Middle East

The fall erased all earlier gains from a spike in oil prices early Wednesday following an Iranian missile attack on US forces in Iraq.
Kuwait Oil Company workers change pipes on a drilling rig on the northern border between Iraq and Kuwait.

Oil’s wild ride: Here’s why the precious resource is now trading lower after spiking 5% on Iran’s missile attacks

Prices reversed when a US statement said the attack caused no casualties, and President Donald Trump tweeted that "all is well" after the incident.
Three oil and gas rigs owned by Transocean Ltd sit idle in the Grand Harbor in Valletta, Malta October 22, 2015.

Oil spikes above $70, its highest since September, amid mounting Middle East tensions

Since the conflict in the Middle East started, Brent crude has gained $4, Hussein Sayed, chief market strategist at FXTM wrote in a note early Monday.

The attack on Saudi oil supplies threatens what could be the world’s biggest IPO. Here’s what we know about Saudi Aramco.

"The attacks came at a sensitive time for Aramco. The company could see its IPO valuation pulled lower as it prepares to go public," says on analyst.

Iran is squirrelling millions of barrels of crude oil in Chinese ports to avoid breaching US sanctions

Iran is safely storing its crude and freeing up its tankers, while China can tap the stockpile if supply is disrupted or sanctions end.

Oil is being propped up by Middle East tensions after the US used video to blame Iran for tanker attacks

Oil prices on Friday were pushed and pulled between competing drivers of Iran tensions and a supply glut.

Oil is nearing its biggest weekly loss this year as demand and trade-war woes combine in a ‘recipe for disaster’

Rising US supply, weakening demand, and US-China trade fears are a "dangerous combination" and adding to trader concerns in oil markets.

Oil is rallying on supply worries after Trump threatens the ‘official end of Iran’

Oil prices jumped on Monday after OPEC signaled it would maintain supply cuts and President Trump threatened the "official end of Iran."

Oil set for strongest quarter in a decade on OPEC-led cuts and trade talk optimism

Bullishness on a trade deal between the US and China, and supply cuts resulting from US sanctions on Iran and Venezuela have sent prices higher.

Venezuela’s falling oil supply is a major ‘challenge’ to global energy markets

A major advisor to energy producing nations has suggested that the continued fallout from Venezuela could present a "challenge" for global oil markets.