21 Hrs
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الاقتصادية
Oil prices fall 2% amid diplomacy
Global oil prices declined today, with Brent crude futures dropping below $94 a barrel to $93.45, down 1.70%. West Texas Intermediate (WTI) fell to around $91 a barrel, decreasing by 2.40% to $90.80. Despite this decline, the market is poised for a weekly gain of about 3% for Brent and over 4% for WTI, driven by geopolitical risks and regional tensions, especially with ongoing clashes between U.S. and Iranian forces. This comes amid anticipation of intense negotiations between Washington and Tehran, as well as developments that could impact the security of oil supplies through the Strait of Hormuz.
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