Key Points
- Policy in OPEC’s third-largest producer is not expected to change, with Vice President Mohammad Mokhber taking over as interim president until new elections are held.
- U.S. crude oil and Brent booked modest gains last week, but remain stuck in a narrow range as traders look for a catalyst that could lift prices out of the doldrums.
Iranian President Ebrahim Raisi looks on during a TV interview, in Tehran, Iran May 7, 2024.
Iran’s Presidency | WANA | Via Reuters
Crude oil futures were little changed Monday after Iran’s president and foreign minister died in a helicopter crash.
President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian perished in the crash in Iran’s East Azerbaijan province in poor weather.
Here are today’s energy prices:
- West Texas Intermediate June contract: $79.78 a barrel, down 28 cents, or 0.35%. Year to date, U.S. crude oil is up 11.3%.
- BrentJuly contract: $83.77 a barrel, down 21 cents, or 0.25%. Year to date, the …
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