Brent falls 11.28% to $87.80 amid possible de-escalation in the Middle East
Brent crude oil plummeted this Tuesday by 11.28%, to $87.80 a barrel, at the end of a volatile trading session in the London futures market, after US President Donald Trump said the war in Iran was practically "over." North Sea crude, the European benchmark, fell $11.16 on the London Intercontinental Exchange (ICE) compared to the previous session's closing price, when Brent finished at $98.96.
TL;DR
- Brent crude oil price dropped 11.28% to $87.80 per barrel.
- The decline occurred after US President Donald Trump said the war in Iran was almost over.
- The event took place during a volatile trading session in the London futures market.
- The price drop was compared to the previous day's closing price of $98.96.