U.S. oil posts worst day in two years after Israel spares Iran crude facilities

U.S. crude oil prices fell over 6% on Monday, marking their worst day in more than two years, after Israeli strikes on Iranian military facilities left Iran’s energy infrastructure unscathed.

West Texas Intermediate futures dropped 6.13% to $67.38 per barrel, while Brent futures fell 6.09% to $71.42 per barrel.

The Israeli attacks, in response to Iranian missile launches, reportedly caused limited damage, with Iran’s oil operations continuing normally, CBS News has reported.

read more: https://www.cnbc.com/2024/10/28/oil-slides-over-4percent-as-israels-attack-on-iran-unlikely-to-disrupt-supplies.html

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