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Oil Drops 1% After Initial Spike From Iran's Attack
Summary: Oil prices dipped on Wednesday, undoing the earlier spike, after Iran’s attack on American forces in Iraq did not destroy any major energy infrastructure that could have disrupted global crude supply. The international benchmark Brent crude fell 0.9% to $67.66, this marked a major reversal after Brent crude originally shot up 4% immediately after news broke ...
Oil prices dipped on Wednesday, undoing the earlier spike, after Iran’s attack on American forces in Iraq did not destroy any major energy infrastructure that could have disrupted global crude supply.
The international benchmark Brent crude fell 0.9% to $67.66, this marked a major reversal after Brent crude originally shot up 4% immediately after news broke of Iran’s attack. The news prompted Brent to see a high of $71.75 per barrel, the highest since September.
By Ramsey Baker
Tags: Attack,Drop,Iran,Oil,Price
Link: Oil Drops 1% After Initial Spike From Iran's Attack [Copy]
