Oil prices drop by more than 3% due to fears of a conflict in Israel

Oil prices drop by more than 3% due to fears of a conflict in Israel

He Crude oil from the North Seareference Europeended the day in the International stock futures down $2.93 compared to the last negotiation, when it closed at $90.38.

The price of Brent fell as market fears about an expansion of the conflict between the two subsided Israel and Hamas, which analysts say could impact supply in the region.

“The countries of Middle East They have avoided getting involved in the conflict. So far it’s all been verbal warnings and nothing more. As long as that is the case, the impact of the current conflict in Gaza on oil prices will be limited,” he said. Fawad Razaqzadaanalyst City index.

For its part, the price of Petroleum Texas averageWTI) fell 3.8% to $82.31 per barrel on Monday, under pressure from geopolitical tensions in Middle East and the next meeting of the Federal Reserve of the United States.

Source: El heraldo

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