Oil slips after Iran plays down reported Israeli attack
Fri, Apr 19, 2024 6:38 PM

Oil slips after Iran plays down reported Israeli attack

A Flip by Riya Sharma
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Oil slipped on Friday following an earlier price spike of more than $3 after Iran played down reported Israeli attacks on its soil, in a sign that an escalation of hostilities in the Middle East might be avoided. Brent futures were down 48 cents, or 0.6%, at $86.63 a barrel by 1155 GMT. The most active U.S. West Texas Intermediate contract was down 38 cents, or 0.5%, to $82.35.

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