Crude Extends Losses on Easing Concerns Over Mideast Tension
- China’s highly anticipated Saturday briefing underwhelmed
- Washington Post says Israel isn’t planning strikes on Iran oil
China’s highly anticipated Finance Ministry briefing on Saturday lacked new incentives to boost consumption in the biggest importer.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Oil extended losses in late trading on easing concerns over tensions in the Middle East.
The Washington Post reported that Israeli Prime Minister Benjamin Netanyahu told the Biden administration he is willing to strike military rather than oil or nuclear facilities in Iran. West Texas Intermediate fell about 5% in post-settlement trade.