Oil prices drop to pre-war levels amid peace negotiations
after close1 source ↓written by the desknot a recommendation
- per barrel
- $70.82
- from their post-war
- 38% decline
- on 30 April
- $126
Oil prices have fallen to $70.82 per barrel, marking a 38% decline from their post-war peak of $126 on 30 April. This drop follows rising hopes for a permanent peace deal in the region, returning Brent crude to levels not seen since the start of the US-Israel war on Iran. Traders may react to these developments as geopolitical tensions ease.
Not investment advice. For informational purposes only.