Global oil markets see rapid changes in one week
Global oil prices experienced significant fluctuations between June 15 and June 21 due to geopolitical developments in the Middle East and market concerns over oil supplies and energy demand levels. The Brent crude oil average price was $81.24 per barrel, ranging from $76.54 to $85.93. Meanwhile, West Texas Intermediate (WTI) averaged $78.31, with prices fluctuating between $74.13 and $82.48. The OPEC basket's average price was $83.47, varying between $82.52 and $84.42. This reflects ongoing market uncertainty resulting from political and economic factors.
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