Oil Holds Steady Amid Wait for Israel’s Response to Iran Attack
- WTI crude futures waver near $85 a barrel on Tuesday
- Region risks cycle of tit-for-tat moves after weekend attack
Oil fluctuated in a narrow range as risk-off sentiment prevailed in broader markets and traders monitored Israel’s response to an unprecedented attack by Iran.
West Texas Intermediate settled little changed above $85 a barrel as a stronger dollar pressured commodities priced in the currency. Prices swung between gains and losses of less than 1% throughout the session.