Oil prices are falling rapidly with the opening of trading in Asia, as traders take a break after Saturday’s Israeli strikes on military targets in Iran did not affect the country’s oil facilities.
This is reported by The Times of Israel.
According to this publication, the price of North Sea Brent oil for December delivery fell by 4.02%, to $72.99, while West Texas Intermediate fell by 4.17% – to $68.79.
Oil prices jumped sharply after Iran’s rocket strike on Israel on October 1, but began to fall after reaching a peak on October 7, when it became clear that Israel would likely limit its retaliation to avoid sparking a wider conflict.
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