Oil futures dropped Sunday night time as markets noticed a relaxed opening following Israel’s launch of a floor offensive in Gaza that drew implied threats from Iran amid market fears of a wider battle that might disrupt international crude provides.
Oil declined as Israel “seems to be approaching the situation with caution, which has brought a sense of relief that the worst-case scenarios may not materialize,” stated Stephen Innes, managing companion at SPI Asset Management, in a notice.
Innes,…
Source web site: www.marketwatch.com
