General · 4 June 2026
Oil prices drop after Lebanon Israel deal
Unsplash / Zbynek Burival
Lower fuel costs could ease pressure on energy markets after crude prices moved down in early trading. On Thursday, oil benchmarks fell as Lebanon and Israel agreed to put a ceasefire into effect, while the US House approved a measure seeking to limit President Donald Trump's powers over the conflict with Iran. Brent traded at $97.14 a barrel, and US crude inventories fell by 8 million barrels.
Reported by Reuters · How we write briefs