Oil drops following recent rise
Oil prices declined today, Thursday, after a strong rise in the previous session, as Iran announced its continued diplomatic negotiations to end the war with the United States. Brent crude futures fell by 0.9% to $102.13 per barrel, while West Texas Intermediate (WTI) futures decreased by 0.7% to $91.56. An Iranian official clarified that Iran and the U.S. remain far apart on ending the conflict, but Iran is considering Washington's response to proposals related to lifting the naval blockade on the ports and reopening the Strait of Hormuz, which were discussed during indirect talks. On the other hand, U.S. oil inventories increased by 3 million barrels to 426.4 million barrels last week, compared to an expected decrease of 641,000 barrels.
تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي
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