1 Day
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مصراوي
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Oil dips early Thursday
Oil prices fell by more than a dollar at the start of trading on Thursday. Brent crude dropped $1.14, or 1.2%, to $91.62 a barrel, while West Texas Intermediate fell $1.04, or 1.2%, to $85.49. Analysts attributed the decline to hopes of a ceasefire between Russia and Ukraine and of avoiding an escalation of the war with Iran, while uncertainty over the Strait of Hormuz limited expectations of a sharp drop. Meanwhile, preliminary data showed U.S. crude inventories rose by 9 million barrels last week.
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