LONDON/KUWAIT -LRB- Reuters -RRB- - The drop Movement.down.loss in oil prices to their lowest Position.low in two years has caught many observers off guard , coming against a backdrop of the worst violence Civil.unrest in Iraq this decade , heightened tensions Geopolitical.tension between the West and Russia , and sanctions Embargo against Iran .

The drop Movement.down.loss in oil prices to their lowest Position.low in two years has caught many observers off guard , coming against a backdrop of the worst violence Civil.unrest in Iraq this decade , heightened tensions Geopolitical.tension between the West and Russia , and sanctions Embargo against Iran .

Crude oil futures lower Movement.down.loss as Middle East tensions Geopolitical.tension ease .

Oil prices plunged Movement.down.loss to multi-year lows Position.low on Monday as tensions Geopolitical.tension between Russia and Saudi Arabia escalate , sparking fears on the Street that an all-out price war trade.financial.tension is imminent .

The slide Movement.down.loss in oil prices is said to have been arrested by a step up in tensions Geopolitical.tension between Russia and the West .

Investing.com - Crude oil futures slipped Movement.down.loss during early European trading hours on Friday , as easing tensions Geopolitical.tension in the Middle East weighed on prices , while market participants continued to monitor U.S. budget discussions .

Growing tensions Geopolitical.tension with Russia are putting supplies from the world 's No. 2 producer at risk .

Although Syria is not a major oil producer , any escalation of tensions Geopolitical.tension in the Middle East could disrupt Cause.movement.down.loss flows from a region that supplies nearly a third of the world 's oil .

Crude oil futures rose Movement.up.gain on Tuesday on signs of falling Movement.down.loss U.S. oil production , weakness Slow.weak in the dollar and tensions Geopolitical.tension in the Middle East , particularly Yemen .