Oil prices drop 4% on US-Iran de-escalation
after close1 source ↓written by the desknot a recommendation
- 4.1%
- a barrel
- $66.51
- $62.51
Oil prices fell sharply on 2 Feb 2023, with Brent crude futures down 4.1% to $66.51 a barrel and WTI also down 4.1% to $62.51. This decline follows U.S. President Trump's comments on Iran engaging in serious talks, easing earlier tensions that had pushed prices to multi-month highs. The market is now reassessing potential supply dynamics amid these developments.
Not investment advice. For informational purposes only.