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Oil Prices Declining Globally In Light Of The Continued Escalation In Palestine

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Oil prices fell today, Tuesday, after rising more than 4% in the previous session, in light of the continued escalation in Gaza.

Brent crude fell 18 cents, or 0.2%, to $87.97 per barrel, while US West Texas Intermediate crude fell 16 cents, or 0.2%, to $86.22 per barrel.

The two benchmark crude oils gained more than $3.50 on Monday, due to news of the conflict, after falling sharply in volatile trading last week.

Source: National Iraqi News Agency