Brent crude dropped by more than 6% to $105.55 a barrel, the lowest level in two weeksThe oil price fell to its lowest level in over two weeks on Monday, amid new hopes of a breakthrough to end the Iran war.Brent crude, the international benchmark, dropped by more than 6.5% to as low as $105.55 a barrel, the lowest since 16 October, sending shares in airline companies higher and pushing down government borrowing costs. Continue reading...
Oil price falls amid hope of a breakthrough to end Iran war
TH
The Guardian - UKBy Graeme Wearden
EXECUTIVE SUMMARY
Brent crude dropped by more than 6% to $105.55 a barrel, the lowest level in two weeks The oil price fell to its lowest level in over two weeks on Monday, amid new hopes of a breakthrough to end the Iran war. Brent crude, the international benchmark, dropped by more than 6.5% to as low as $105.55 a barrel, the lowest since 16 October, sending shares in airline companies higher and pushing down government borrowing costs. Continue reading...
Key Takeaways
- Oil price falls amid hope of a breakthrough to end Iran war.
Read Complete Original Article
Published originally on The Guardian - UK
