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Oil prices drop over de-escalating tensions in the Middle East
Jan. 14, 2020
Source: Reuters

Oil prices drop over de-escalating tensions in the Middle East

Oil prices slipped in the international market on Tuesday, as the tensions between the US and Iran deescalated after this month’s clash. Brent crude LCOc1 dipped down 0.1%, to $64.12 per barrel. U.S. West Texas Intermediate crude futures CLc1 were traded 0.1% lower, at $58.04 a barrel. However, the losses were capped by the expectations of a drawdown in U.S. crude stockpiles and, optimism about the potential US-China trade deal.

   Read More About : Brent Price Middle East Oil Prices US WTI
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