Oil prices decline 1% amid US-Iran tensions, monthly gains intact
after close1 source ↓written by the desknot a recommendation
- per barrel
- $69.80
- the previous day
- 3.4% jump
- $1.06
- per barrel
- $64.36
Oil prices fell over 1% on Friday, with Brent crude futures down 91 cents at $69.80 per barrel, following a 3.4% jump the previous day. Despite this retreat, prices are poised for their strongest monthly gains in years, driven by heightened risk premiums from potential U.S. military actions against Iran, which could disrupt global supply. U.S. West Texas Intermediate crude also declined, down $1.06 to $64.36 per barrel.
Not investment advice. For informational purposes only.