Despite last week’s crude oil price spiral, the situation seems to be stabilising with analysts expecting the market to cool off in the coming days. Tensions between Israel and Iran led to a 13 per cent spurt in Brent crude prices in the past seven days, with the benchmark crude hitting $79.4 per barrel on October 7, up from $70.2 just a week earlier.
Crude oil prices seem to stabilise as all-out war fears recede
