Oil falls by more than $1/bbl as Israel officials seek to avoid broader Middle East war
2:45 pm, Mon July 29, 2024
Oil prices fell more than one dollar a barrel today after Israeli officials said they wanted to avoid dragging the Middle East into an all-out war while responding to a deadly rocket strike in the Israeli-occupied Golan Heights over the weekend.
Brent futures for September delivery fell $1.53 to $79.60 a barrel.
U.S. crude dropped one dollar $0.52 cents to $75.64 per barrel.
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