Crypto World
Oil Pulls Back But Remains on Track for Strong Weekly Gain
Oil prices retreated following a three-day rally but remained on track for significant weekly gains as the possibility of U.S. military action against Iran keeps markets on edge.
Brent crude was down 1.8% to $68.32 a barrel after breaching $70 in the previous session, while WTI fell 1.7% to $63.11 a barrel.
“A broad risk-off shift hit equities and metals while the dollar strengthened, prompting profit-taking in crude markets,” said Soojin Kim from MUFG.