Oil prices fluctuate
According to Khabergazrai Mehr quoted by Reuters, oil prices fell in the first trading hours on Tuesday and then rose again. Investors are investigating a possible ceasefire between the Zionist regime and Hezbollah, which could affect their risk appetite.
The price of a barrel of Brent North Sea oil today increased by 25 cents equal to 0.34% to 73 dollars and 26 cents. Texas Intermediate oil West is trading at 69 dollars and 16 cents with 22 cents equivalent to 0.32% increase.
Both of these oil indices decreased by 2 dollars per barrel on Monday following the report of the agreement between Lebanon and the Zionist regime with some aspects of the war end agreement. Analysts believe that the ceasefire in Lebanon lowers the possibility of harsh sanctions against Iran’s crude oil in the next US administration.
