Singapore, Oct 28: Oil prices fell sharply in early Asian trade on Monday, weighed by easing fears of a Middle East war after an Israeli strike against Iran, over the weekend, was less severe than feared.
Brent Oil Futures expiring in December fell 4.1% to $72.97 a barrel, while West Texas Intermediate crude futures fell 4.2% to $68.76 a barrel by 19:5 7 ET (23:57 GMT). Both contracts were close to their weakest levels since early-October.
This trend is likely to reflect in Indian markets later on Monday.
Comments are closed.