Oil Price Lost Some Of The Gains Made On The Israel-Iran Conflict

Earlier, the cost of oil jumped 13%.

The cost of August futures for Brent crude oil on the London-based ICE Futures exchange at the trading on June 16 fell by a minimum of 1.33% (compared to the closing level of trading on Friday, June 13), to $73.25. From the high of the day at $78.32 per barrel quotes lost 6.48%.

By the evening of June 16, prices corrected to $72.82 per barrel, which is 1.9% below the closing level of trading on Friday. A little later, the quotes rose again and by 16:20 Minsk traded at $73.03.

June 13, Brent oil prices soared by 13% after the Israeli attack on Iran. That night, Israel launched strikes on Iran. The targets of the attack were facilities related to Iran's nuclear program. World markets reacted with a rise in protective assets, as well as a sharp jump in oil prices.

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