Oil prices saw a sharp drop two days after Israel carried out a retaliatory strike against Iran that was far more restrained than many analysts feared, giving investors added confidence that the oil supply will not be disrupted by the conflict in the Middle East. 

International and U.S. benchmarks both fell Monday, with Brent Crude dropping by at least 5.6% to $71.37 a barrel and West Texas Intermediate falling by 6% to $67.50, according to Barron’s. However, prices appeared to slowly crawl back up as of 10 a.m. ET that day.