19 Hrs
Source:
الدستور
Oil's Second Weekly Loss
Oil prices are heading for a second consecutive weekly loss, with Brent expected to fall 2.4% and U.S. crude 2.5%, amid the ongoing U.S. blockade of Iran and waning prospects of a renewed large-scale conflict. Brent slipped 1 cent to $95.41 a barrel, while West Texas Intermediate fell 20 cents to $88.52. Attacks on ships and risks around the Strait of Hormuz continue to threaten supplies. Prices also came under pressure after U.S. crude inventories rose by 4.7 million barrels to 414.4 million, contrary to forecasts for a 1.1-million-barrel decline.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)