59 Days
Source:
عين ليبيا
Ministry of Oil Reports Decline in Crude Oil Prices Based on Weekly Averages
Recently, global oil prices have declined, with the OPEC Basket's average price reaching $74.17 per barrel, fluctuating between $70.37 and $77.96. The average price of West Texas Intermediate (WTI) crude oil was $71.95, while Brent crude reached an average of $75.81, with a higher peak of $80.59. The Libyan Ministry of Oil and Gas attributed this decline to increased supplies, a decrease in global demand forecasts, rising inventories, and the continued influence of economic and geopolitical developments on prices.
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