By Adedapo Adesanya Crude oil prices fell on Monday as traders focused on market fundamentals, which outweighed risks that the Middle East conflict would impact supply. Brent crude futures settled at $87.00 a barrel after it went down by 29 cents or 0.33 per cent, and the US West Texas Intermediate (WTI) crude finished lower at $82.85 a barrel after it depleted by 29 cents or 0.35 per cent. According to market analysts, traders see a tightening supply-demand balance in the coming months. Geopolitical risk premiums tend not to last if supply is not disrupted since the high spare capacity
Crude Oil Prices Fall as Fundamentals Outweigh Conflict Risks
