U.S. oil posts worst day in two years after Israel spares Iran crude facilities
Publishing timestamp: 2024-10-28 03:11:29
Summary
Oil prices dropped after Israeli attack on Iranian military installations did not damage energy facilities. Markets had been concerned about direct engagement between both parties, but Israeli strikes avoided oil infrastructure. Oversupply and global tensions continue to weigh on oil prices. Iran's response and cease-fire talks will be closely watched.
Sentiment: MIXED
Keywords: oil and gas, commodity markets, politics, breaking news: middle east, breaking news: markets, israel, iran, business news, government and politics, united states,