Oil falls 3% as fears of disruption to Iranian supplies recede

Oil falls 3% as fears of disruption to Iranian supplies recede

Oil prices fell three percent during early Asian trading, Tuesday, after a media report stated that Israel was prepared not to strike Iranian oil targets, which allayed fears of supply disruption, and after the Organization of the Petroleum Exporting Countries (OPEC) lowered its expectations for growth in global oil demand in 2017. 2024 and 2025.

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