"The price for U.S. benchmark crude tumbled 6% Monday after a weekend retaliatory strike by Israel on Iran targeted military sites rather than the oilfields..."
"With many seeing that threat diminishing, at least in the near term, the price of benchmark U.S. crude fell well below $70 per barrel after it had jumped earlier this month."
"Focus has returned to the fundamentals of global energy markets, which this year has been a story of ample supply and falling demand, driven by slowing economic growth in China."
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