Oil Prices Drop by 0.93% Amid Geopolitical Tensions in West Asia

Oil prices fell by nearly 0.93 percent, offsetting supply concerns generated by escalating geopolitical tension in the West Asia.

In intra-day trade, Brent crude was trading 0.93 percent lower at 77



dollars and 56 cents per barrel, while U.S. West Texas Intermediate crude was also trading three percent lower at 71 dollars and 91 cents per barrel when reports last came in.