Oil Slips Amid Abating Fears of Supply Disruptions
0009 GMT — Oil slips in early Asian trade amid abating fears of supply disruptions spurred by President Trump's comment that Israel and Iran agreed to a cease-fire that he said could result in the end of the war between the countries. In a post on Truth Social around 6 p.m. Eastern time, Trump said there will be a 'complete and total' cease-fire in about six hours when Israel and Iran have completed their final mission. Front-month WTI crude oil futures fall 3.8% to $65.93/bbl; front-month Brent crude oil futures drop 3.6% to $68.89/bbl. (ronnie.harui@wsj.com)
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