Crude oil prices retreated from yesterday’s highs earlier today, on the news that President Trump was considering lifting sanctions on tankers used to transport oil and fuels from Venezuela, Russia, and Iran in a bid to ease a deepening tanker crunch. At the time of writing, Brent crude was trading at $104.39 per barrel, while WTI was trading at $94.02 per barrel.
In a statement posted on his Truth Social page on Wednesday, U.S. President Donald J. Trump said “Massive Oil, Gas, and Mineral Exploration is getting ready to begin” in Greenland.
Curious Minds Corner
What does seismic reflection data primarily help geoscientists identify?
Subsurface geological structures and stratigraphic boundaries that may contain hydrocarbon accumulations.