Oil prices decline as Israel halts Iran energy strikes
pre-market1 source ↓written by the desknot a recommendation
- to below
- 2%
- per barrel
- $95
- decreased
- $119
- $108.6
Oil prices fell on Friday after Israeli Prime Minister Netanyahu announced no further strikes on Iran's energy sites. West Texas Intermediate dropped 2% to below $95 per barrel, while Brent crude decreased from $119 to $108.6. This follows a spike in prices earlier in the week due to tensions surrounding Iran's South Pars gas field.
The situation has led to disruptions in the region, impacting QatarEnergy and causing power-generation losses in Iraq. Traders should monitor ongoing geopolitical developments as they may influence oil market volatility.
Not investment advice. For informational purposes only.