Crude Futures Decline as Israel Holds Back from Retaliating Against Iran U.S. crude oil prices dropped below $83 as tensions in the Middle East showed signs of easing, with Israel holding off on an immediate retaliation against Iran following last weekend’s unprecedented air assault. This restraint has reduced fears of a major conflict in the region, leading to a decline in oil prices for the fourth consecutive day. The West Texas Intermediate contract for May fell to $82.34 a barrel, while June Brent futures decreased to $86.77 a barrel. This week, oil prices have decreased by 4%, as traders reduce the geopolitical risk premium that had escalated over the previous two weeks due to heightened hostilities triggered by an Israeli airstrike on an Iranian diplomatic site in Syria earlier in the month. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Copper Surges over $9,000 READ MORE Credit Card Debt: America's $1.13 Trillion Problem READ MORE Fear Index' Doubles Amid Worldwide Stock Market Rout READ MORE Economic Enigma: Why Rising Rates Haven't Sunk the US Economy READ MORE Gold Hits Highest Settlement in Over a Week READ MORE Add a Comment Cancel replyYour email address will not be published.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