Oil Falls Below $100 a Barrel on Middle East Peace Hopes

Date:

Aramco oil facility just south of the Saudi capital Riyadh, on Sept. 15, 2019. Fayez Nureldine /AFP via Getty ImagesOil prices dropped again on May 7, slipping more than 4 percent to take the Brent crude benchmark below $100 a barrel on renewed hopes that a peace deal between the United States and Iran is on the horizon.Brent crude futures fell $4.31, or to $96.96 a barrel, during trading on May 7, during an unsettled session that saw fluctuations of up to 4.6 percent from Wednesday’s close.

spot_imgspot_imgspot_img

Share post:

More like this
Related

6 Major Changes Passed by Australias Parliamentand What They Mean

It’s been a busy fortnight for reform in Australia,...

10 Months In, New Home Aged Care Program Branded a Failure

An elderly woman rests on a bench in Sydney,...

Second Seal Feared Infected With H5 Bird Flu in Australia

Two sea lions interact on a rocky surface along...

Oil Prices Drop Ahead of New US Sanctions on Iran

Oilfield pump jacks in Williston, N.D., on Dec. 21,...