Petroleum prices have fallen following Iran's missile and drone assault on Israel, confounding expectations that the escalation of the shadow war would cause them to rise.
Crude oil futures fluctuate in an indecisive session following three days of declines, as traders appear to keep the geopolitical risk premium on hold. Despite the oil price drop since Iran's attack on Israel last weekend,
WTI crude Oil pared some of its gains on the strong US dollar.It hit a low of $84.02 yesterday and is currently trading at $84.84. According to the American Petroleum Institute, crude inventories rose by 4.