Oil falls 5% on reduced risk of wider Middle East war
HOUSTON, Oct 28 (Reuters) – Oil prices tumbled by around $4 a barrel on Monday after Israel’s retaliatory strike against Iran’s military on Saturday bypassed oil and nuclear facilities, not disrupting energy supplies. Brent futures were down $4.20, or 5.52%, at $71.83 a barrel at 11:37 a.m. CDT (1637 GMT), while WTI U.S. crude futures lost $4.08, …
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