Oil prices dip in Monday morning
Oil prices declined today, Monday, due to expectations of increased Russian supplies following the announcement of an agreement between Ukraine and Russia to cease hostilities in the energy sector, and Moscow's promise to supply one million tons of diesel. The price of Brent crude fell by 1.47% to reach $103.18 per barrel, while West Texas Intermediate dropped by 1.68% to $90.31. Despite this, tensions in the Middle East persisted with an increase in attacks on oil facilities, and the United States is considering joining strikes against the Houthis in Yemen. Meanwhile, attacks on oil tankers through the Strait of Hormuz are raising concerns about disrupting the recovery of oil exports from the region.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)