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Oil price falls amid hope of a breakthrough to end Iran war

Reported · Written up by our desk · Equities

Brent crude dropped by more than 6% to $105.55 a barrel, the lowest level in two weeks The oil price fell to its lowest level in over two weeks on Monday, amid new hopes of a breakthrough to end the Iran war. Brent crude, the international benchmark, dropped by more than 6.5% to as low as $105.55 a barrel, the lowest since 16 October, sending shares in airline companies higher and pushing down government borrowing costs. Continue reading...

Latest closeWTI crude $102.95 ▲0.9%|Brent $112.33 ▼2.2%

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Sources

Guardian BusinessOil price falls amid hope of a breakthrough to end Iran war

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