U.S. Oil Falls as Fears of Iran-Israel Conflict Recede, Trading Below $81 U.S. crude oil prices dropped below $81 per barrel, a dip not seen since March, signaling the market’s limited concern over potential new sanctions on Iranian oil. The West Texas Intermediate (WTI) crude has fallen beneath its 50-day moving average for the first time in several months, down from the year’s high of $87.62. This decrease in price reflects the easing of geopolitical tensions as Iran and Israel move away from the prospect of a broader conflict, despite the recent exchange of strikes. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold, Silver & Bitcoin: Monthly Wrap with Alan Hibbard READ MORE Gold's Disconnect from Dollar and Yields Raises Questions for Wealth Managers READ MORE Shelter and Services Costs Key Focus in Upcoming May CPI Report READ MORE Silver Surges to August Highs as Bullish Trend Resumes READ MORE Yellen Critiques Market Overreaction to Inflation Data READ MORE Add a Comment Cancel replyYour email address will not be published.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