Oil Falls Below $100 as Gold Retreats Amid Middle East Tensions
Oil and gold prices declined as markets weighed the strength of Middle Eastern exports against the risk of supply disruptions amid regional tensions.
Brent crude fell to $99.84 a barrel, dropping below the $100 threshold as traders assessed the outlook for oil flows from the region.
Gold also retreated, reaching $4,132.44 an ounce as markets evaluated the implications of the tensions.
The declines came with attention divided between export strength and potential threats to supply. That balance remained central to the market assessment of risks in the Middle East.
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