International desk: The price of fuel oil has decreased significantly in the international market. Oil prices fell by more than four percent on Tuesday (October 15). Analysts attribute this to weak demand forecasts and Israel's announcement that it will not attack Iran's oil facilities. News Reuters

Brent crude fell 3.28 dollars or 4.2 percent to 74.18 dollars per barrel. West Texas Intermediate fell $3.33, or 4.5 percent, to $70.50.

Earlier, both the benchmark prices fell by at least four dollars. Oil prices fell to their lowest level since October.

Israel has been announcing attacks on the country's oil and nuclear facilities in retaliation for Iran's attacks. This caused tension in the oil sector and increased the price of oil. However, the final decision on this matter is being discussed with the United States.

Recently, Israeli Prime Minister Benjamin Netanyahu told the United States that his country does not want to attack Iran's oil or nuclear facilities, but rather its military facilities.

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