Why oil prices are muted despite Iran attack?
London (AFP) April 16, 2024
Oil prices have failed to soar even after major crude producer Iran attacked Israel with drones and missiles, risking wider conflict in the crude-rich Middle East. On Tuesday, the world's main oil contracts were trading slightly higher. European benchmark, Brent North Sea crude, gained 0.1 percent to $90.17 per barrel. WTI, the main US traded oil contract, won 0.3 percent to $85.66