Oil Prices Tumble After Israel Refrains From Attacking Iran’s Refining Facilities

Oil prices experienced a significant decline on October 28, 2024, plunging over 6% after Israel’s recent military strikes against Iran did not target the country’s oil production infrastructure. This marked the largest drop in oil prices in two years, with West Texas Intermediate (WTI) futures closing at approximately $67.38 per barrel and Brent crude at around $71.42 per barrel.The Israeli
Oil prices experienced a significant decline on October 28, 2024, plunging over 6% after Israel’s recent military strikes against Iran did not target the country’s oil production infrastructure. This marked the largest drop in oil prices in two years, with West Texas Intermediate (WTI) futures closing at approximately $67.38 per barrel and Brent crude at around $71.42 per barrel.The Israeli
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