NEW YORK, Sept. 11 (Xinhua) -- Oil prices declined on Wednesday after news reports said U.S. President Donald Trump discussed easing sanctions on Iran.
Trump was considering easing sanctions on Iran in order to arrange a meeting with Iranian President Hassan Rouhani, according to Bloomberg.
Analysts said the news weighed on the oil market as potentially eased tensions between the United States and Iran would put more oil on the market.
The West Texas Intermediate (WTI) for October delivery decreased 1.65 U.S. dollars to settle at 55.75 dollars a barrel on the New York Mercantile Exchange, and Brent crude for November delivery declined 1.57 dollars to close at 60.81 dollars a barrel on the London ICE Futures Exchange.
About CHINA MINING
Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Conference and Exhibition has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
CHINA MINING Conference and Exhibition 2019 will be held at Tianjin Meijiang Convention Center of Tianjin China on October 9-11, 2019. We invite you to join the event and to celebrate the 21st anniversary of CHINA MINING with us. For more information about CHINA MINING, please visit: www.chinaminingtj.org.