Oil prices are declining again Monday evening, according to market reports. The drop extends a volatile period driven by US-Iran tensions and follows an earlier sharp plunge in late trading, as The Zioneer reported earlier today.
Oil prices are declining again this evening, according to market reports tracked by the desk's sources. The drop follows a sharp plunge earlier in Monday's late trading that brought Brent crude to around $91 per barrel, as The Zioneer reported at 20:44 Jerusalem time. The renewed decline continues a volatile stretch for energy markets driven by US-Iran tensions, including President Trump's threats against Iran and Iran's earlier declaration of the Strait of Hormuz closure. Further details on the magnitude of the current drop are not yet available.
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