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Oil Price - Oil prices down as market refocus on fundamentals
Oil prices retreated on Monday as global markets refocused on market fundamentals after the easing of Middle East tension. International benchmark Brent crude traded at $85.85 per barrel at 10.22 a.m. local time (0722GMT), a 1.65% decline from the closing price of $87.29 per barrel in the previous trading session.
Analysts Warn Hormuz Closure Would Cause Major Oil and Gas Price Spike
Analysts have warned that an escalation in tensions between Israel and Iran could lead to the closure of the Strait of Hormuz and a surge in oil and natural gas prices.
Oil prices retreat as US crude build, rate cut concerns come to the fore
Oil prices fell at Asia's open on Monday, dragged down by a renewed focus on market fundamentals, as Israel and Iran played down the risks of an escalation of hostilities in the Middle East after Israel's apparently small strike on Iran.
Why Joe Biden’s real enemy is the price of oil
His economy is growing, he faces no criminal charges – unlike his opponent – and his fund-raising is going well...