Oil has sold off 4% this week as traders unwind the geopolitical risk premium built into prices over the last two weeks.
Oil has sold off 4% this week as traders unwind the geopolitical risk premium built into prices over the last two weeks on Israel-Iran tensions.
U.S. crude oil and the global benchmark have fallen below the prices reached after Israeli's airstrike against Iran's diplomatic compound in Damascus, Syria at the start of the month, the event that triggered the current round of hostilities.
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