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Oil prices dip over 6% after US, Iran pause fighting over weekend
SINGAPORE: Oil prices tumbled more than 6 percent on Monday after the US and Iran paused strikes over the weekend after two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of Hormuz. Brent crude futures fell $6.20, or 6.4 percent, to $90.58 by 09:20 a.m. Saudi time after briefly slipping under the key support level of $90 earlier in the session. US West Texas Intermediate crude was at $83.51 a barrel, down $5.80, or 6.5 percent.
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straitstimes.com
Oil slumps at week’s open as Washington and Tehran pause attacks
Brent fell about 6 per cent toward US$91 a barrel, while West Texas Intermediate was below US$84. Read more at straitstimes.com. Read more at straitstimes.com.
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oilprice.com
Oil Prices Plunge 5% After U.S. and Iran Halt Attacks | OilPrice.com
Oil prices fell more than 5% after the United States and Iran paused military attacks, easing immediate supply fears but leaving significant shipping risks in the Strait of Hormuz…
