On Monday, the oil markets witnessed a notable decline in prices, triggered by growing confidence that tensions between Iran and Israel would not escalate into a broader regional conflict.
Initially, oil prices fell nearly 1% but saw a partial recovery following Israeli Prime Minister Benjamin Netanyahu's announcement of intensified military actions against Hamas.
The trading day closed with West Texas Intermediate (WTI) for June delivery down by 0.39% ($0.32), settling at $81.90 per barrel on the New York Mercantile Exchange.
Brent crude for June experienced a 0.33% decline ($0.29), closing at $87.00 per. . .
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