Following strong 4% gains on Wednesday, crude oil prices fell in Thursday’s trading in response to continued worries that Israel might launch an attack on Iran, a possibility that prompted the US to move personnel out of the Middle East.
The Wednesday surge also produced overbought territory on some technical indicators and experts believe the Thursday slide downward was a brief correction.
Global standard Brent finished down 41 cents or 0.6% to close at $69.36 a barrel.
US standard West Texas Intermediate crude slipped 11 cents or 0.2% and finished at $67.97 a barrel on the New York Mercantile Exchange.
Thursday produced a split in Oklahoma energy stocks with some seeing gains and others declines for the day.
Empire Petroleum dropped more than 4% but others, such as NGL Energy Partners, Unit Corporation and Vital Energy recorded more than 4% gains.