Oil Prices Flat as Iran Supply Risk Fades ...Middle East

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Oil Prices Flat as Iran Supply Risk Fades
Oil prices fell early on Monday as concerns about a potential disruption to Iran’s oil supply in case of U.S. strikes subsided, while traders began to assess the next geopolitical flashpoint U.S. President Donald Trump has created—Greenland.   As of 9:53 a.m. ET on Monday, the U.S. benchmark, WTI Crude, had returned to below $60 per barrel, trading at $59.16, down by 0.27% on the day. The price of the U.S. oil has stayed for months very close to the breakeven prices for profitably drilling a new well at many U.S. independent…

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