Oil prices decline after U.S. National Security Advisor John Bolton exits Trump administration
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E-mail Xinhua, September 11, 2019
NEW YORK, Sept. 10 (Xinhua) -- Oil prices declined on Tuesday after U.S. President Donald Trump said U.S. National Security Advisor John Bolton has resigned upon his request.
Bolton, 70, came to the position in April 2018, and has since become known as a hawkish figure in the Trump administration who advocated for tough foreign policies, especially in regard to Iran and Afghanistan.
Analysts said the news weighed on the oil market as Bolton's departure would potentially ease tensions between the United States and Iran, which would put more oil on the market.
The West Texas Intermediate (WTI) for October delivery decreased 0.45 U.S. dollar to settle at 57.40 dollars a barrel on the New York Mercantile Exchange, and Brent crude for November delivery declined 0.21 dollar to close at 62.38 dollars a barrel on the London ICE Futures Exchange. Enditem
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