19 Hrs
Source:
عين ليبيا
Oil prices fall amid rising supplies
Oil prices declined today due to increased flows through vital maritime corridors, despite the ongoing deadlock in U.S.-Iran negotiations and tensions in the Middle East. The price of Brent crude dropped by 1.94% to $87.30 per barrel, and U.S. WTI by 2.17% to $81.78, while prices are still heading toward a monthly rise of nearly 20% amid fears of supply disruptions. The market is monitoring developments in the Strait of Hormuz, which is one of the most important passages for global oil transportation.
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