The global price of oil fell
According to Mehr News Agency to Oil prices fell as much as $3 in Asian trading on Tuesday, following a weak demand outlook and after media reports that Israel was reluctant to attack Iran’s oil targets eased concerns about supply disruptions. It reached the lowest level in the last two weeks.
The price of Brent North Sea crude oil fell by 2 dollars and 81 cents or 3.6% to 74 dollars and 65 cents at 6:40 on Tuesday (October 24) GMT. It reached $74 and 26 cents per barrel earlier in the early hours, the lowest level since October 2.
US crude WTI was trading at $71.11 per barrel, down $2.72 cents, or 3.7%. The price of this index reached 70 dollars and 75 cents per barrel in the initial trading and reached the lowest level since October 3rd.
Both oil indices were down about 2% in Monday’s trading.
Global crude oil prices have fallen by around $5 so far this week, and this situation has wiped out the profits accumulated in the seven trading sessions ending last Friday (October 20), following investors’ concerns about the risks of supply disruptions following the escalation of tensions. It was obtained in the Middle East region.
The American newspaper Washington Post reported late on Monday: Benjamin Netanyahu, the prime minister of the Zionist regime, told the United States of America that he would like to target the country’s military targets instead of nuclear or oil facilities in response to Iran’s missile attack.
