Oil slumps to lowest price since US-Iran conflict

AI Summary

Oil prices dropped sharply to their lowest level since the US-Iran conflict began, as a ceasefire deal improved prospects for global crude supply. Brent crude futures declined by 1.9 percent, reflecting eased supply fears.

•As cease fire deal eases supply fears By Yinka Kolawole,  with agency report   Oil prices fell sharply on Thursday, dropping to their lowest levels since the outbreak of the US-Iran conflict, as an interim agreement between the United States and Iran improved prospects for global crude supply According to Reuters, Brent crude futures declined by $1.53, or 1.9 per cent, to $78.02 per […] The post Oil slumps to lowest price since US-Iran conflict appeared first on Vanguard News.