Oil prices fell on Tuesday after hitting their highest level in more than three years in the prior session, after U.S. President Donald Trump predicted the Middle East war could end soon. The comment eased concerns about prolonged disruptions to global oil supplies, reducing risk premia in crude and putting downward pressure on energy prices.
Oil prices fell on Tuesday after hitting their highest level in more than three years in the prior session, after U.S. President Donald Trump predicted the Middle East war could end soon. The comment eased concerns about prolonged disruptions to global oil supplies, reducing risk premia in crude and putting downward pressure on energy prices.
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