Oil drops to fresh threemonth low as markets weigh USIran peace deal

Image for article Oil drops to fresh threemonth low as markets weigh USIran peace deal
News Source : Yahoo Entertainment

News Summary

  • Brent crude futures fell $3.29, ‌or 4%, to $79.88 a barrel at 10:48 a.m. ET (1448 GMT) WTI was on ​track for its lowest close since March 4.
  • Before the Iran war started on February 28, both crude benchmarks were trading around $65 to $70 a barrel.
  • Oil prices sank nearly 5% on Monday after u.s. President Donald Trump announced an interim deal to end the war with Iran.

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