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 Oil prices little changed as OPEC sticks to demand and steady economic growth forecasts READ MORE Central Banks Fuel Gold's Ascent to Unprecedented Levels READ MORE Dollar Climbs Higher as Global Interest Rate Policies Diverge READ MORE BullionStar Perspectives – Lawrence Lepard – Fiat Endgame – Reinforces need for Sound Money READ MORE Consumer Prices Cool Further: June Marks First Monthly CPI Drop Since 2020 READ MORE Add a Comment Cancel replyYour email address will not be published.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