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Why oil prices are muted despite Iran attack?

Energy Daily Wednesday, 17 April 2024 ()
London (AFP) April 16, 2024

Oil prices have failed to soar even after major crude producer Iran attacked Israel with drones and missiles, risking wider conflict in the crude-rich Middle East. On Tuesday, the world's main oil contracts were trading slightly higher. European benchmark, Brent North Sea crude, gained 0.1 percent to $90.17 per barrel. WTI, the main US traded oil contract, won 0.3 percent to $85.66
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Video Credit: Oneindia - Published
News video: Israel Strikes Iran: Oil prices rise by over 4 per cent after reports of Israeli strikes | Oneindia

Israel Strikes Iran: Oil prices rise by over 4 per cent after reports of Israeli strikes | Oneindia 02:09

Oil prices surged by more than four percent on Friday following Israel's missile strikes on Iran, amplifying concerns of heightened tensions in the West Asia region. The global benchmark, Brent crude, soared to $90.54 per barrel, while US West Texas Intermediate (WTI) crude futures spiked by 4.06...

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