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Tuesday, October 29, 2024 10:24 GMT
Oil prices tumbled more than US$3 a barrel on Monday after Israel’s retaliatory strike on Iran over the weekend bypassed Tehran’s oil and nuclear facilities and did not disrupt energy supplies, easing geopolitical tensions in the Middle East. Both Brent and US West Texas Intermediate crude futures hit their lowest levels since Oct. 1 at the open. By 8:14 a.m. Saudi time, Brent was at US$72.59 a barrel, down US$3.46, or 4.6 percent, while WTI slipped US$3.37, or 4.7 percent, to US$68.41 a...More