Oil prices fell as much as five percent in early trade before paring some of their losses
Both main oil contracts dropped around three percent in early exchanges, after the Washington Post reported that Netanyahu had pledged to target Iran's military rather than its crude and nuclear sector
US President Joe Biden spoke with Israeli Prime Minister Benjamin Netanyahu about Israel's plans concerning Iran in a 30-minute call on Wednesday that the White House described as "direct and very productive"
Brent crude futures rose 22 cents, or 0.3 percent, to $77.4 a barrel by 0349 GMT
Brent crude futures fell 31 cents, or 0.4 percent, to $77.74 per barrel by 0435 GMT. US West Texas Intermediate crude futures slipped 20 cents, or 0.27 percent, to $74.18 per barrel
Benchmark oil contract, Brent North Sea crude, has rallied about five dollars this week after Iran's missile attack on Israel -- but remaining around $75 per barrel
US and European stocks turned sharply lower after the strikes, which Iran launched in response to the killings of Tehran-backed militant leaders
Both main crude contracts jumped more than five percent at one point Tuesday after Iran fired dozens of missiles at Israel in response to the killings of Tehran-backed militant leaders
Brent crude futures for November delivery increased 51 cents, or 0.71 percent, to $72.49 a barrel as of 0330 GMT.
Oil prices fell as much as five percent in early trade before paring some of their losses
Both main oil contracts dropped around three percent in early exchanges, after the Washington Post reported that Netanyahu had pledged to target Iran's military rather than its crude and nuclear sector
US President Joe Biden spoke with Israeli Prime Minister Benjamin Netanyahu about Israel's plans concerning Iran in a 30-minute call on Wednesday that the White House described as "direct and very productive"
Brent crude futures rose 22 cents, or 0.3 percent, to $77.4 a barrel by 0349 GMT
Brent crude futures fell 31 cents, or 0.4 percent, to $77.74 per barrel by 0435 GMT. US West Texas Intermediate crude futures slipped 20 cents, or 0.27 percent, to $74.18 per barrel
Benchmark oil contract, Brent North Sea crude, has rallied about five dollars this week after Iran's missile attack on Israel -- but remaining around $75 per barrel
US and European stocks turned sharply lower after the strikes, which Iran launched in response to the killings of Tehran-backed militant leaders
Both main crude contracts jumped more than five percent at one point Tuesday after Iran fired dozens of missiles at Israel in response to the killings of Tehran-backed militant leaders
Brent crude futures for November delivery increased 51 cents, or 0.71 percent, to $72.49 a barrel as of 0330 GMT.
Oil prices climbed more than $2 on Wednesday, rebounding from 7-week lows, as the killing of a Hamas leader in Iran ratcheted up tensions in the Middle East and overshadowed concerns about weak China demand
