Oil Futures Retreat as Middle East Diplomatic Efforts Pick Up
Crude futures settled lower as traders monitored Middle East diplomatic efforts. The report says recent price swings have largely reflected changes in geopolitical risk premium.
Crude futures settle lower as the market watches for any breakthrough in the latest Middle East diplomatic moves. Recent price swings have been driven largely by expansion and contraction of geopolitical risk premium, with the risk of renewed U.S. bombing attacks on Iran after mid-term election, Ri…