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| Economy |
| Oil prices drop as Israeli strikes in Iran calm markets |
| 2024-10-28 |
| [IsraelTimes] Oil prices are tumbling with the opening of trading in Asia as dealers breathe a sigh of relief that Israel’s Saturday strikes on military targets in Iran spared the country’s oil installations. The price of North Sea Brent for delivery in December fell by 4.02 percent, to $72.99, while West Texas Intermediate plunges by 4.17% to $68.79. Oil prices rose sharply following Iran’s October 1 ballistic missile attack on Israel, but they had already begun to fall after peaking on October 7 as it became clear Israel would likely restrict its reprisal to avoid sparking a wider conflagration. Related: Oil prices 08/13/2024 Brent crude oil exceeds $82 for the first time since July 26 Oil prices 06/13/2024 OPEC+ extends production cuts into 2025 Oil prices 09/28/2023 Movin' on up - oil, that is. The rest of us are toast |
| Posted by:trailing wife |
| #4 USA crude production has averaged over 13M bp day this calendar year. This has been a big help in stabilizing prices of crude. |
| Posted by: Lord Garth 2024-10-28 17:31 |
| #3 "Rock bottom prices through making the rubble bounce!" |
| Posted by: bman911 2024-10-28 12:54 |
| #2 Should IAF bomb again - to lower prices further? |
| Posted by: Grom the Reflective 2024-10-28 12:05 |
| #1 BP Walks Back Green Targets Amid Market Realities |
| Posted by: Skidmark 2024-10-28 07:52 |