Commodity poised for one of biggest monthly declines, while global stock markets rally
Oil prices fell on Friday as investors hoped for the end of the US-Israel war on Iran, leaving the commodity poised for one of the biggest monthly declines ever.
The price of Brent crude futures, the global benchmark, fell by 1.3% to $91.54. Brent is heading towards one of its biggest monthly drops ever as it nears a fall of 17% since the start of May.