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 Chinese Retail Investors Drive Gold Boom on Shanghai Futures Exchange READ MORE UBS Warns of Potential 6.5% Fed Rate Hike Amid Enduring Inflation READ MORE Gold Prices Poised for Weekly Gain Ahead of Fed Decision Catalyst READ MORE Gold gains hugely in popularity among American Investors – Gallup Survey 2023 READ MORE Dow's 900-Point Plunge and Fear Gauge Surge Signal Golden Opportunities for Investors READ MORE Add a Comment Cancel replyYour email address will not be published.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