24 Hrs
Source:
وكالة صدى نيوز
Oil prices drop on weaker global demand
Oil prices declined on Thursday for the sixth consecutive day due to lowered global demand forecasts for crude in 2026, amid regional tensions and ongoing US-Israeli war on Iran. Brent crude fell by $1.29 to $87.69 per barrel, while West Texas Intermediate dropped by $1.30 to $81.97, as both see increasing inventories and heightened risks of supply disruptions. This comes amid deteriorating negotiations between Iran and the United States, along with an increase in attacks on oil transit routes in the Strait of Hormuz and the Bab al-Mandeb, fueling concerns about global oil supplies.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)