Oil prices fell Wednesday following a statement from President Trump that 'Iran appears to be standing down' in the Middle East, and that the US...
prices fell Wednesday following a statement from President Trump that"Iran appears to be standing down" in the Middle East, and that the US will impose new sanctions instead of retaliating with military force.
Brent crude fell 4.4% to $65.22 a barrel and US West Texas Intermediate crude fell 5.2% to $59.45 per barrel. The fall erased all earlier gains from a spike in oil prices early Wednesday following an Iranian missile attack on US forces in Iraq.
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