33 Days
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البلاد
Oil drops as supply worries grow
The article discusses the decline in oil prices following limited gains due to rising concerns over global oil supplies. Brent crude settled at approximately $101.61 per barrel, while West Texas Intermediate rose to $92.18. The decline comes amid reports that China has suspended fuel exports and that the United States has deployed a third aircraft carrier along with up to 10,000 additional troops to the Middle East, reflecting escalating security tensions and military movements. The market is also heading for a weekly loss of 1.93% after a September gain of 14%, with expectations of continued volatility due to geopolitical developments and supply factors.
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