Oil prices fell more than $1 per barrel on Thursday after the U.S. and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive U.S. sanctions on Tehran’s oil, boosting the oil supply outlook.
Brent crude futures were down $1.64, or 2.06%, at $77.91 a barrel as of 0427 GMT, and U.S. West Texas Intermediate fell $1.80, or 2.34%, to $74.99 a barrel.
The steady fall in global oil prices raised hopes that pump prices in Nigeria will plunge back to where they were before the US and Israel launched attacks on Iran earlier in the year.
The benchmarks resumed their decline, reversing gains made on Wednesday after U.S. President Donald Trump said he could resume his bombing campaign if Iran’s leaders “don’t behave”.
Partners Group is the latest asset manager to cap withdrawals from some of its funds as nerves in
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