Geopolitical Strains Fail to Boost Oil Prices as Markets React Cautiously Crude oil prices experienced a modest decline in reaction to the recent Iranian attack on Israel. West Texas Intermediate (WTI) crude for May delivery fell by 1%, closing at $84.83 per barrel, while Brent crude, the global benchmark, dropped 1.2% to $89.41 per barrel after briefly exceeding $90. Prices for May gasoline and heating oil also saw reductions of 1.2% and 1.6%, respectively. Natural gas prices decreased by 2.4%. The market’s subdued response reflects investors’ expectations that the attack, which was largely neutralized by Israel’s defenses, would not escalate into a broader regional conflict. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts March Numbers Show Prices Rising Faster Than Predicted READ MORE Fed Policymakers Suggest Three Cuts This Year READ MORE Convergence of Gold and Dollar: Precursor to Stock Market Downturn? READ MORE Middle East Tensions Propel Gold and Silver Prices READ MORE Gold Hits Another Record, Topping $2,365/oz READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment