Oil prices drop over 5% as geopolitical risks ease
The Peninsula
Tokyo: Oil prices fell by more than 5% on Sunday, pressured by easing geopolitical tensions that dampened market sentiment. Brent crude futures dec...
Tokyo: Oil prices fell by more than 5% on Sunday, pressured by easing geopolitical tensions that dampened market sentiment.
Brent crude futures declined by $3.30, or 4.8%, to $66.02 per barrel, while US West Texas Intermediate (WTI) crude futures fell $3.23, or 5%, to $61.98 per barrel.
Both benchmarks retreated sharply from multi-month highs, as concerns over potential supply disruptions eased amid signs of reduced geopolitical risk.
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