Oil drops 5% following limited Israeli counterattack on Iran; brent crude at $71.92/bbl
Oil prices dropped approximately $4 per barrel on Monday after Israel’s retaliatory strike against Iran over the weekend left oil and nuclear facilities untouched, avoiding disruptions to energy supplies. By 1445 GMT, Brent futures had fallen by $4.13, or 5.43 per cent, to $71.92 per barrel, while U.S. WTI crude futures were down $4.04, or … Read more