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HIBAPRESS – Agencies
Oil prices fell by more than 2 percent in early Asian trading on Tuesday, May 19, after US President Donald Trump announced the suspension of an attack that was scheduled to be launched on Iran.
Brent crude futures (June delivery) fell by $3.01, or 2.7 percent, to $109.09 a barrel. The American West Texas Intermediate (June delivery) also fell by $1.38, or 1.3 percent, to $107.28. The two benchmark crude oils had recorded their highest levels since May 5 and April 30 during the previous session. The most active June contract fell by $2.06, or two percent, to $102.32 a barrel.
