Oil prices drop 7% as US-Iran tensions ease
pre-market1 source ↓written by the desknot a recommendation
- dropped
- 7%
- per barrel
- $90
- before stabilizing
- $92
- also declined
- 5.6%
- per barrel
- $84.34
Oil prices fell sharply as the US paused military strikes against Iran, easing supply concerns. Brent crude dropped over 7%, falling below $90 per barrel before stabilizing around $92. WTI also declined 5.6% to $84.34 per barrel, extending previous losses amid reduced hostilities.
Not investment advice. For informational purposes only.