24 Hrs
Source:
المصري اليوم
Global oil prices fall as Gulf exports recover
Global oil prices declined by nearly 1% today, Thursday, as Gulf exports of oil recovered and U.S. inventories increased, reducing supply concerns. The price of a barrel of Brent crude reached $96.92, while West Texas Intermediate was at $89.18. In September, Brent saw monthly gains of about 14%, and WTI gained 5%, marking the largest monthly increases since July 2026. Data indicates that Gulf exports have returned to approximately 23.3 million barrels per day, while U.S. oil inventories rose by 922,000 barrels to 427.3 million barrels in the week ending September 25. It is likely that the OPEC+ coalition will keep production targets unchanged at their meeting next Sunday.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)