Oil Prices Plunge 5% After U.S. and Iran Halt Attacks

Oil prices plunged by more than 5% in early Asian trade on Monday as the U. S. and Iran halted attacks after two weeks of escalation that had driven Brent above $100. At the time of writing, WTI crude was trading at $84. 47, down 5. 39%, while Brent crude had fallen to $91. 80, a decline of 5. 15%.

Oil prices plunged by more than 5% in early Asian trade on Monday as the U. S. and Iran halted attacks after two weeks of escalation that had driven Brent above $100. At the time of writing, WTI crude was trading at $84. 47, down 5. 39%, while Brent crude had fallen to $91. 80, a decline of 5. 15%.