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Crude Oil Price Forecast Update – March 7, 2025

Crude oil prices are currently showing strong bullish momentum, approaching the $67.05 mark and attempting to break through this level. This movement signals a...
HomeLatestOil Prices Slide from Seven-Month Low as Stock Market Rout Counteracts Iran...

Oil Prices Slide from Seven-Month Low as Stock Market Rout Counteracts Iran Tensions

Oil prices continued their decline from a seven-month low as a broader selloff in financial markets outweighed concerns about rising tensions in the Middle East. Traders are monitoring the potential for a retaliatory strike on Israel by Iran.

Brent crude futures fell toward $76 per barrel, erasing gains made earlier in the year, following their lowest close since early January on Friday. West Texas Intermediate (WTI) crude also dropped below $73 per barrel.

The downturn in oil prices comes amid a global equities rout, which has overshadowed the impact of geopolitical risks in the region.

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