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Singapore, May 19 (QNA) – Oil prices fell more than 2% on Tuesday in early Asian trade after US President Donald Trump said he had paused a planned attack on Iran.
Brent futures for July delivery fell $3.01, or 2.7%, to $109.09 a barrel, while US West Texas Intermediate crude for June delivery fell $1.38, or 1.3%, to $107.28.
In the previous session, the benchmarks hit their highest levels since May 5 and April 30, respectively.
The June WTI contract expires on Tuesday, while the most active July contract fell $2.06 or 2% to $102.32 per barrel. (QNA)
