Reported about 13 hours ago
U.S. crude oil futures fell significantly on Tuesday after President Trump announced a ceasefire between Israel and Iran, alleviating concerns over supply disruptions in the Middle East. Brent crude dropped to $69.40 per barrel, while West Texas Intermediate declined to $66.48, reflecting a market correction following recent price spikes driven by conflict fears. Analysts suggest that adherence to the ceasefire will be crucial in determining future oil prices.
Source: YAHOO