Oil Futures Move Lower After Two Sessions of Gains -- Market Talk

Dow Jones

03-21

0942 ET - Oil futures are giving back some gains made on the U.S. sanctioning of a Chinese refinery that buys Iranian oil, and OPEC+ details of members' updated plans to compensate for producing above agreed levels. Fresh U.S. actions against Iran have raised expectations of tighter global supply, and the OPEC+ compensation could lend additional support, although traders remain hesitant "as they assess the real impact of these developments," Joseph Darieh of Tickmill says in a note. WTI is off 0.4% at $67.80 a barrel as the front month switches to May. Brent is down 0.5% at $71.64 a barrel. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

March 21, 2025 09:42 ET (13:42 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Fresh U.S. actions against Iran have raised expectations of tighter global supply, and the OPEC+ compensation could lend additional support, although traders remain hesitant \"as they assess the real impact of these developments,\" Joseph Darieh of Tickmill says in a note. WTI is off 0.4% at $67.80 a barrel as the front month switches to May. Brent is down 0.5% at $71.64 a barrel. 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Fresh U.S. actions against Iran have raised expectations of tighter global supply, and the OPEC+ compensation could lend additional support, although traders remain hesitant \"as they assess the real impact of these developments,\" Joseph Darieh of Tickmill says in a note. WTI is off 0.4% at $67.80 a barrel as the front month switches to May. Brent is down 0.5% at $71.64 a barrel. (anthony.harrup@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  March 21, 2025 09:42 ET (13:42 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}