Oil prices fall more than 3% as traders discount Iran-Israel war risk
Publishing timestamp: 2024-04-17 13:06:55
Summary
Oil prices are down for the third consecutive day after Iran's attack against Israel, but the market is dismissing the risk of a wider war that could disrupt supplies. Analysts are unwinding some of the war premium that had been priced in due to tensions surrounding the conflict. Despite the hostilities, oil continues to flow and there has been no supply disruption. Analysts are also discussing potential impacts on various stocks and sectors in the market.
Sentiment: NEUTRAL
Keywords: investment strategy, ice brent crude (apr'23), wti crude (mar'23), markets, breaking news: markets, business news, oil and gas,