Day: March 15, 2023

Oil prices rebounded more than 1% on Wednesday, recovering from the previous day’s plunge, as a stronger OPEC outlook on China’s demand helped offset bearish global investor sentiment in the wake of the recent U.S. bank failures, Trend reports with reference to Reuters. Brent crude futures climbed 93 cents, or 1.2%, to $78.38 a barrel by 0324 GMT. U.S. West Texas Intermediate crude futures (WTI) gained 96 cents, or 1.4%, to $72.29 a barrel. On Tuesday, the benchmarks fell more than 4% to a three-month low. “The oil market has bounced back on its own after the recent sharp losses,”

The Central Bank of Iran (CBI) announced an official rate of foreign currencies on March 15, Trend reports referring to CBI. According to the currency exchange rate of the Central Bank of Iran, 11 currencies increased and 25 have decreased in price, compared to March 14. According to CBI, $1 equals 42,000 Iranian rials and 1 euro equals 45,036 rials. According to CBI, $1 equals 42,000 Iranian rials and 1 euro equals 45,036 rials. Currency Iranian rial on March 15 Iranian rial on March 14 1 US dollar USD 42,000 42,000 1 British pound GBP 51,017 51,056 1 Swiss franc