Oil price falls 1% as investors reassess Middle East risks


Brent crude fell 64 cents, or 0.93%, to settle at $68.27 a barrel. U.S. West Texas Intermediate (WTI) crude fell 57 cents, or 0.9%, to settle at $62.70 a barrel.(File pic shows an Iranian oil complex)

NEW YORK: Oil prices fell almost 1% on Tuesday, surrendering some recent gains as investors reconsidered the likelihood of immediate supply disruptions in the Middle East after the United States killed a top Iranian military commander last week.

Brent crude fell 64 cents, or 0.93%, to settle at $68.27 a barrel. U.S. West Texas Intermediate (WTI) crude fell 57 cents, or 0.9%, to settle at $62.70 a barrel.

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