Oil Prices Retreat as Middle East Tensions Ease
Oil prices declined on Tuesday, ending a five-day upward trend. This shift was driven by reduced fears of an expanding conflict in the Middle East, which initially threatened to disrupt global crude supplies. As of 14:30 ET (18:30 GMT), oil prices fell 2.1% to $78.35 per barrel, while October futures dropped 2% to $80.69 per barrel.
Exclusive Access: Unlock Premium, Confidential Insights
Unlock This Exclusive Content—Subscribe Instantly!
Login if you have purchased
