(Finance) – Oil prices are turning negative, after the recent run in the wake of Israel’s attack on Iran in retaliation for what happened last weekend. The belief seems to be that today’s attack, as well as the one in Tehran last Saturday night, were orchestrated mainly as demonstration actions.
A further escalation of conflicts in the Middle East thus seems to have been avoided: crude oil prices have taken a downward path. The Crude WTI travels at 82.5 dollars a barrel (-0.32%) while the Brent slips to 86.60 dollars (-0.57%).
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