Oil prices fell by more than 1 percent in early Asian market trading, today, Friday, from their highest levels in several months, but they are on track to record their largest gains in years amid investors’ fears of possible supply disruptions if the United States carries out military action against Iran.
Brent crude futures fell 91 cents to $69.80 per barrel after rising 3.4 percent at the settlement of the last session to its highest level since July 31.
US West Texas Intermediate crude also lost $1.06 to $64.36 per barrel after rising yesterday, Thursday, by 3.4 percent to reach the highest level since September 26, 2025.
The two crude oils are heading to record their first monthly gains in six months, as Brent crude rose by 14.7 percent, recording its largest jump since January 2022, while West Texas Intermediate crude achieved a 12 percent increase in its largest monthly gain since July 2023.
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