Saturday, July 5, 2025
Oil prices retreat despite ongoing Israel-Iran conflict- oil and gas 360

Oil prices retreat despite ongoing Israel-Iran conflict

(Investing) – Oil prices fell Monday, handing back earlier gains as the ongoing conflict between Israel and Iran has so far left oil production and export facilities unaffected, diluting concerns of supply disruptions in the Middle East. At 08:30 ET (12:30 GMT), Brent oil futures for August fell 1.3% to $73.32 a barrel, and West Texas Intermediate crude futures dropped 1.2% to $70.46 a barrel. Both

Oil prices retreat on weak U.S. data, despite Trump tariff block- oil and gas 360

Oil prices retreat on weak U.S. data, despite Trump tariff block

(Investing) – Oil prices retreated Thursday, handing back earlier gains after data showed the U.S. economy contracted in the first quarter, suggesting the Trump administration’s volatile trade policies were weighing on economic activity. At 09:15 ET (13:15 GMT), Brent oil futures for July fell 0.7% to $63.89 a barrel, and West Texas Intermediate crude futures dropped 0.6% to $61.47 a barrel. Oil was sitting on