Oil prices dropped on Friday, June 20, 2025, after the United States Government delayed a decision on U.S. involvement in the Israel-Iran conflict.
Brent crude futures fell $1.89, or 2.4%, to $76.96 a barrel by 0255 GMT. On a weekly basis, it was up 3.8%.
The U.S. West Texas Intermediate crude for July – which did not settle on Thursday as it was a U.S. holiday and expires on Friday – was up 53 cents, or 0.7%, to $75.67.
The more liquid WTI for August rose 0.2%, or 17 cents to $73.67.
Prices jumped almost 3% on Thursday as Israel bombed nuclear targets in Iran, and Iran fired missiles and drones at Israel after hitting an Israeli hospital overnight.
BNY Mellon, Standard Bank to felicitate access to Nigerian naira debt
The week-old war between Israel and Iran showed no signs of either side backing down, Reuters reported.
Brent futures trimmed previous session gains following the White House’s comments that President Donald Trump will decide whether the U.S. will get involved in the Israel-Iran conflict in the next two weeks.
“Oil prices surged amid fears of increased U.S. involvement in Israel’s conflict with Iran. However, the White House press secretary later suggested there was still time for de-escalation,” an analyst at The Price Futures Group, Phil Flynn, said.
The Super Eagles of Nigeria opened their 2025 Africa Cup of Nations (AFCON) campaign with…
Kano State Governor Abba Kabir Yusuf on Tuesday officially launched the Kano State Neighbourhood Watch…
The Independent National Electoral Commission (INEC) has fixed Saturday, February 21, 2026, for the conduct…
The Independent National Electoral Commission (INEC) has restated its decision not to recognise the leadership…
The Nigerian Air Force (NAF) has confirmed that its C-130 aircraft, which earlier made a…
The Akwa Ibom State Police Command has arrested three masquerades for allegedly parading the streets…
This website uses cookies.