Oil drops 5% on hopes for Middle East easing
Crude oil prices fell 5% and dropped below the 100-dollar mark, driven by hopes for de-escalation in the Middle East.
Published 13sem1 sourceNotableupdated 13sem
Lire en français
≈ 20s
The fact
This decline occurs amid diplomatic negotiations aimed at reducing regional tensions.
Relative easing in energy markets relieves economic pressures on oil-consuming sectors.
Click the link to read an article on the topic: