Oil prices ease after Israel, Iran halt attacks; markets eye ceasefire
New Delhi, June 9 -- International crude oil prices eased marginally on Tuesday morning after Israel and Iran signalled a pause in hostilities, easing immediate concerns over supply disruptions in West Asia.
Around 7:40 am, the August contract of Brent crude on the Intercontinental Exchange was trading at $94.00 per barrel, down 0.27% from its previous close, while the July contract of West Texas Intermediate (WTI) on the NYMEX fell 0.32% to $91.01 a barrel.
In the previous session, oil prices had surged as much as 4% amid renewed tensions in the region.
Both Iran and Israel indicated they had halted attacks on each other after exchanging fire for the first time since April's ceasefire.
Iran's armed forces on Monday said they had conc...
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