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 Oil Prices Slide as Fed Signals Longer High Rate Environment READ MORE Dollar's Dominance Under Scrutiny: Morgan Stanley's Perspective READ MORE July Sees Growth in Gold and Silver Stocks in London Vaults READ MORE Gold Milestone: Standard Gold Bar Hits $1 Million Mark READ MORE Gold Faces a Lackluster January with a Close Eye on the Fed READ MORE Add a Comment Cancel replyYour email address will not be published.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