Reported about 1 month ago
Oil prices are anticipated to fall when trading resumes following Israel's measured retaliation against Iran, which did not target oil or nuclear facilities. Analysts noted that this alleviates market uncertainty regarding geopolitical tensions. Brent crude is expected to retreat to $74-$75 a barrel, while U.S. West Texas Intermediate may revert to around $70. Despite some initial volatility, the overall market sentiment is cautious but optimistic as Israel's recent actions appear restrained.
Source: YAHOO