Oil tumbles on easing fears of wider Middle East war

Quick Summary:

HOUSTON : Brent and U.S.crude oil futures fell on Tuesday as traders grew less nervous about the potential for a wider war in the Middle East, with Iran yet to act on threats to retaliate on Israel for assassination of a Hamas official in Tehran.

Benchmark Brent crude futures settled down $1.61, or 1.

Markets also await Wednesday's U.S.consumer price index report that will give a crucial read on inflation.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIraqIsrael

Topics: Brent Wider Monday Middle 2024 Price Crude Futures Iran Cent Barrel

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-13 @ 22:44:25 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 390 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22068968

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 42 posts per day

Year Established: 1999

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News Last Updated: 4 hours ago

Coverage Areas: Singapore

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Publisher ID: #27

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