Summary
Iran says it considers retaliation against Israel to be over
Benchmarks had risen in anticipation of Iran’s attack
U.S. shale oil output seen rising, EIA says
Uncertainty remains over Israeli response
NEW YORK, April 15 (Reuters) – Oil prices slipped lower on Monday after Iran’s weekend attack on Israel proved to be less damaging than anticipated, easing concerns of a quickly intensifying conflict that could displace crude barrels.
Brent futures for June delivery settled at $90.10 a barrel, down 35 cents, or 0.4%. U.S. crude futures for May delivery fell 25 cents, or 0.3%, to end at $85.41 a barrel,
Oil dropped by more than $1 a barrel earlier in the session before paring some losses after Reuters reported that Prime Minister Benjamin Netanyahu had summoned his war cabinet for the second time in less than 24 hours, citing a government source.
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