• 2 months ago
U.S. crude oil futures dropped slightly Wednesday, trading below $71 per barrel after sharp losses in the previous session. This followed reports that Israel will not target Iran's oil infrastructure. On Tuesday, the U.S. benchmark plunged over 4% after Israeli officials informed the U.S. that retaliatory strikes would focus solely on military assets in Iran. Concerns over a disruption in Middle Eastern oil supply have lessened, reversing gains made following Iran's missile strike on Israel.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. crude oil futures dropped slightly Wednesday, trading below $71 per barrel,
00:07after sharp losses in the previous session.
00:10This followed reports that Israel will not target Iran's oil infrastructure.
00:14On Tuesday, the U.S. benchmark plunged over 4 percent after Israeli officials
00:18informed the U.S. that retaliatory strikes would focus solely on military assets in Iran.
00:24Concerns over a disruption in Middle Eastern oil supply have lessened,
00:27reversing gains made following Iran's missile strike on Israel.
00:31For all things money, visit Benzinga.com slash GSTV.

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