Oil little changed after death of Iran's president, Saudi king's ill health

Oil prices remained stable on Monday due to political uncertainty in key oil-producing nations. This uncertainty arose after the president of Iran passed away in a helicopter crash, and the crown prince of Saudi Arabia postponed his visit to Japan due to his father, the king's, health. Brent's price decreased by 24 cents to $83.74 per barrel by 0958 GMT.

May 20, 2024 - 11:00
Oil little changed after death of Iran's president, Saudi king's ill health
Oil prices remained stable on Monday due to political uncertainty in key oil-producing nations. This uncertainty arose after the president of Iran passed away in a helicopter crash, and the crown prince of Saudi Arabia postponed his visit to Japan due to his father, the king's, health. Brent's price decreased by 24 cents to $83.74 per barrel by 0958 GMT.