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عين ليبيا
Oil prices steady amid increased Strait flow
Oil prices remained steady amid signs of a partial recovery in crude supplies from the Middle East. Futures for West Texas Intermediate rose by 0.07% to $89.44 per barrel, while Brent crude increased by 0.26% to $102.86 per barrel. Goldman Sachs confirmed that oil exports from Gulf countries, including shipments through the Strait of Hormuz, reached 23.3 million barrels per day last week, aligning with the average level expected for 2025. This indicates a partial rebound of previously affected supplies. The Strait of Hormuz, a major passage for global energy trade, continues to have a significant impact on oil prices.
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