U.S. oil on pace for worst day in two years after Israel spares Iran crude facilities

  • Oil prices lost ground on Monday after Iranian energy facilities were not damaged during an Israeli attack over the weekend.
  • Israel on Saturday attacked Iran’s military installations in three provinces in response to Tehran launching ballistic missiles at Israel on Oct. 1.
  • Oil markets’ key consideration had been a direct engagement between both parties, with concerns of an attack on Iranian oil facilities rising in recent weeks.

https://www.cnbc.com/2024/10/28/oil-slides-over-4percent-as-israels-attack-on-iran-unlikely-to-disrupt-supplies.html

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