Brent crude prices drop below $93 amid easing tensions
pre-market1 source ↓written by the desknot a recommendation
- crude prices fell
- 4.9%
- per barrel
- $92.02
- decline the previous
- 3.9%
- per barrel due
- $102
Brent crude prices fell 4.9% to $92.02 per barrel in early trading, following a 3.9% decline the previous day. This drop comes as tensions in West Asia ease, reducing fears of a military clash and allowing the market to unwind some of the risk premium. The recent surge had pushed prices to a two-month high of $102 per barrel due to concerns over the Strait of Hormuz.
Not investment advice. For informational purposes only.