23 Hrs
Source:
شبكة راية الإعلامية
Oil drops as supply fears lessen
Oil prices declined significantly today, Thursday, closing lower by between 1.3% and 1.9%. This drop was driven by ongoing de-escalation between the United States and Iran and a decrease in fears of supply disruptions through the Strait of Hormuz. Brent crude settled at $71.5 per barrel after falling by 1.9%, while U.S. crude dropped to around $68.5 per barrel, down 1.3%. These movements come amid signs of restoring stability in the oil market.
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