Oil sinks 7pc as Trump predicts Middle East de-escalation

Oil sinks 7pc as Trump predicts Middle East de-escalation

Oil prices fall after topping $119 a barrel on Monday Trump predicted the war in the Middle East could be over soon G7 ready to act on oil surge but holds off tapping reserves Oil prices plummeted 7 per cent on Tuesday after soaring to a more than three-year high in the previous session as US President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to oil supplies. Brent futures were down $6.75, or 6.8pc, to $92.21 a barrel at 10:12...

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