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 Thriving Economy, Pessimistic Public: The U.S. Economic Perception Gap READ MORE Gold Hovers Near Peak as Markets Anticipate Fed's Next Move READ MORE Morgan Stanley: Bitcoin Could "De-Dollarize" the World READ MORE July Sees Record Central Bank Gold Acquisition Since January READ MORE Fed Unlikely to Cut Interest Rates Soon Despite Earlier Projections READ MORE Add a Comment Cancel replyYour email address will not be published.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