Crude oil reverses most of April gains as traders shrug off Middle East tensions

Crude oil reverses most of April gains as traders shrug off Middle East tensions
By: market watch Posted On: April 16, 2024 View: 18

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A brief overnight bump in crude-oil prices reversed early Tuesday as traders bet that the White House’s opposition to an Israeli counterattack against Iran would help to de-escalate a standoff that has rattled global markets, sources said.

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