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Published 07:02 IST, October 15th 2024

Oil prices drop $2 on demand concerns, Israel comments

Israeli Prime Minister Benjamin Netanyahu told the US that Israel is willing to strike Iranian military targets and not nuclear or oil ones, the report said.

Reported by: Thomson Reuters
Crude Oil | Image: PTI

Oil prices slid $2 in early Asian trade on Tuesday as OPEC lowered its outlook for global oil demand growth in 2024 and 2025 and a media report that Israel is willing to strike Iranian military and not nuclear or oil targets.

Brent crude futures LCOc1 were down $2.11, or 2.7 per cent, at $75.35 per barrel, while  US West Texas Intermediate CLc1 crude futures fell $2.07, or 2.8  per cent, to $73.76 per barrel as of 0045 GMT. Both benchmarks had settled about 2  per cent lower on Monday.

Israeli Prime Minister Benjamin Netanyahu told the US that Israel is willing to strike Iranian military targets and not nuclear or oil ones, the report said.

Updated 07:02 IST, October 15th 2024

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