Reported 30 days ago
Oil prices fell more than 6%, marking their largest daily decline in over two years, after Israel's retaliatory strike against Iran targeted military sites while sparing crucial petroleum infrastructure. The price of West Texas Intermediate futures settled at $67.38 per barrel, and Brent closed at $71.42. Analysts believe the recent military actions are unlikely to escalate tensions affecting oil supply, leading to a forecast reduction in Brent prices for the fourth quarter.
Source: YAHOO