There was some relief when it came to oil prices on Thursday, with the price per barrel falling to below $100, though it is still far from the pre-Iran-war price of roughly $70.
CNBC reported that Brent crude futures for July fell to $99.40 a barrel. U.S. West Texas Intermediate futures for June rose to $93.21 per barrel. On Thursday, the price of Brent crude was hovering around $97.
Oil prices still remain fairly uncertain. The Strait of Hormuz, where ships transport much of the world’s oil, flips between being open and closed, and President Donald Trump said on Wednesday Iran would be hit with bombs and attacks at a much higher level if it doesn’t agree to a peace deal.
