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Home›Commodities›Energy›Oil prices drop to three-week low after US attack plan…

Oil prices drop to three-week low after US attack plan is called off

The move lower followed rising hopes for de-escalation in the US-Iran conflict, a shift investors linked to softer crude demand expectations.

Reported · Written up by our desk · Energy

Oil prices fell sharply on Monday to a three-week low after President Donald Trump called off a planned attack, according to MarketWatch.

The outlet said investors reacted to hopes for possible de-escalation in the war between the United States and Iran, driving the decline in crude.

MarketWatch reported that the sharp drop reflected changing expectations around the conflict’s near-term impact on energy risk.

Latest closeWTI crude $86.80 ▲3.8%

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Sources

MarketWatchOil prices fall to three-week low after Trump calls off planned attack
MarketWatchOil prices fall to three-week low after Trump calls off planned attack

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