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International Business Times UK
International Business Times UK
Tahlia Kraefft

Oil Prices Slip as Investors Eye Israel's Response to Iran Strike

Iran's South Pars oil field

Oil prices have experienced a slight decrease for the third day in a row, after reaching a six-month record. Investors have seemingly shrugged off fears of a wider Middle East war disrupting supplies. Brent crude, the international benchmark, fell by 3.03% to $87.29 per barrel for June.

Meanwhile, West Texas Intermediate, the U.S. marker, dropped by 3.13% to $82.69 a barrel for May. On Friday, oil prices soared to their highest level since October at $92.18 due to speculation that Iran would retaliate to the blast of its embassy in Damascus by Israel.

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