Low Oil Price Due to Descaling Expectations in the Middle East

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The price of the North Sea Brent barrel for delivery in June, a reference contract from Wednesday but already used by the market, yielded 3.18% to $103.97.The US equivalent, the West Texas Intermediate barrel for delivery in May, lost 1.46% to $101.38.The drop in quotations came after Iranian President Masud Pezeshkian assured that “we have the necessary will to put an end to this conflict, as long as the essential conditions are met.”