Oil Prices Slip Despite New Attacks Across the Middle East

Crude oil prices ticked lower today on reports that oil tankers were still passing through the Bab el-Mandeb Strait, despite information about renewed strikes between the U. S. and Iran, and a drone attack on a tanker in an Egyptian port. At the time of writing, Brent crude was trading at $89.

46 per barrel, with West Texas Intermediate at $83. 54 per barrel, both down by about 1% since Wednesday’s close. Meanwhile, the U. S.