Reported about 5 hours ago
Oil prices fell sharply on Tuesday, snapping a five-day winning streak as the rally fueled by the Middle East conflict paused and China's lack of new stimulus disappointed traders. West Texas Intermediate crude sank over 5%, trading just above $74 per barrel, while Brent crude slipped more than 3%. The decline follows a speculative spike in crude futures driven by fears of escalating conflict, and analysts suggest potential for further downturn if no major events unfold.
Source: YAHOO