Oil sinks 5%, Iranian production could be spared by Israel

London: Oil prices plummeted on Tuesday after press reports that Israel plans not to target Iranian oil infrastructure, and in the face of more pessimistic reports from OPEC+ and the IEA on global demand.

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After briefly falling more than 5%the price of a barrel of West Texas Intermediate (WTI WTI West Texas Intermediate (WTI), also called Texas Light Sweet, is a variation of crude oil that serves as a standard in setting the price of crude and as a raw material for oil futures contracts with the Nymex (New York Mercantile Exchange). ), the stock exchange specializing in energy.), for delivery in November, drop of 4,89%has 70,22 dollars around 09:40 GMT (11:40 CET).

That of the barrel of Brent BRENT Brent, or North Sea crude, is a variation of crude oil serving as a benchmark in Europe, listed on the InterContinentalExchange (ICE), a stock exchange specializing in energy trading. It became the first international standard for setting oil prices. from the North Sea for delivery in December, fall of 4,73%has 73,80 dollars.

Commenter Oil sinks 5%, Iranian production could be spared by Israel

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