Oil fell after Israel refused to strike an Iranian oil pipeline

16.10.2024 11:03 | Category Economics

December Brent oil futures on this London exchange fell by more than 4 percent. This is evidenced by the data of the trading platform. The price of raw materials is decreasing after Israel refused to strike the Iranian oil pipeline.
According to The Washington Post, Israeli Prime Minister Benjamin Netanyahu told US President Joe Biden's administration that the country's armed forces will attack primarily military, not Iran's energy facilities. After this news, Brent oil fell in price, reaching 73 per barrel. 83 dollars. The daily decline was about 4.7 percent. The minimum price of raw materials reached 73.38 dollars.

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