Home World News Oil price drops amid hopes of US-Iran peace deal
World News

Oil price drops amid hopes of US-Iran peace deal

Key Points

Commodity poised for one of biggest monthly declines, while global stock markets rallyBusiness live – latest updatesOil prices fell on Friday as investors hoped for an end to the US-Israel war on Iran, leaving the commodity poised for one of the biggest monthly declines ever.The price of Brent crude futures, the global benchmark, fell by 1.3% to $91.54 and is nearing a fall of 17% since the start of May. Continue reading...

Commodity poised for one of biggest monthly declines, while global stock markets rally

Oil prices fell on Friday as investors hoped for an end to the US-Israel war on Iran, leaving the commodity poised for one of the biggest monthly declines ever.

The price of Brent crude futures, the global benchmark, fell by 1.3% to $91.54 and is nearing a fall of 17% since the start of May.

Continue reading...
Iran (LOCATION) Israel (LOCATION)
Originally published by The Guardian Business Read original →