Oil Plunges as Middle East De-escalation Hopes Grow

📡 Bloomberg Markets 4h ago · 1 min read ·

Part of composite article Gold Tumbles 2% as Fed Rate Decision Looms and Middle East Tensions Cool View full article →

Oil prices dropped sharply during a volatile trading session on Monday. Traders focused on increasing signs that the conflict in the Middle East is cooling down. Both the United States and Iran have continued to hold back from launching attacks, reducing fears of a major supply disruption.