Oil Falls After Hitting Its Highest Level in More Than a Month Due To the War in the Middle East

  • International
  • 8 October 2024
1

Oil prices fell slightly in early Asian trading on Tuesday, with traders taking profits after prices hit their highest in more than a month on Monday, amid fears that the Middle East may be on the brink of all-out war.

Brent crude futures fell 23 cents, or 0.3%, to $80.70 a barrel. U.S. West Texas Intermediate crude futures fell 20 cents, or 0.3%, to $76.94 a barrel. Crude oil futures rose more than 3% on Monday to their highest since late August, boosting last week's rally that saw contracts rise more than 8% in the biggest weekly gain in more than a year.

 

Source (Al-Arabiya.net Website, Edited)

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