Oil sinks by 6% as Iran's sector remains operable - Breaking The News

Oil sinks by 6% as Iran's sector remains operable

28 October

1 min read

EPA-EFE/ABEDIN TAHERKENAREH

The prices of oil futures continued to decrease on Monday after Iran stated its oil production resumed operating as Israel's retaliatory airstrikes did not target those facilities.

West Texas Intermediate (WTI) for December's settlements plummeted by 6.03% at 5:34 am ET to sell for $67.41 per barrel. Meanwhile, Brent for the same month's deliveries declined by 5.81% to go for $71.67 per barrel.

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