Oil Continues Downward Slide Shedding Over 6%

Oil markets have continued the downward spiral, with oil prices falling dramatically after Israel launched limited attacks on Iran. Supreme Leader Ayatollah Ali Khamenei helped cool tensions on Sunday when he signaled there would not be any direct response to Israel’s latest attacks.  On Monday at 2:40 p.m. ET, Brent was trading down 6.04%, at $71.46 per barrel, while WTI crude for December delivery was trading down 6.07% at $67.42 per barrel. Momentum in oil markets has continued to skew towards the downside over the past two weeks,…