Texas oil falls 0.19% as risks to facilities are being reduced
West Texas Intermediate (WTI) crude oil fell 0.19% on Thursday, to $96.14 a barrel, as the United States, Israel, and Iran attempt to reduce risk to energy facilities with threats to attack if they receive a blow from the opponent. At the end of the session, April futures contracts fell $0.18 from the previous day's close.
TL;DR
- WTI crude oil fell 0.19% to $96.14 per barrel.
- Escalating threats between the US, Israel, and Iran over energy facilities have caused market concern.
- Iran launched attacks on the UAE and Qatar following Israeli strikes on gas facilities.
- The US is considering measures to stabilize oil prices, including releasing Iranian crude and using its own reserves.
- The Treasury Secretary mentioned withdrawing sanctions on Iranian oil to increase global supply.