13 Hrs
Source:
وكالة صدى نيوز
Oil prices climb again for second day
The news reports a second consecutive session of rising oil prices, due to concerns over potential disruptions to crude supplies from the Middle East as a result of the ongoing conflict between the United States and Iran, despite indications of increased exports in the region. Futures prices for Brent crude rose by 0.6% to $105.91 per barrel, while US West Texas Intermediate (WTI) crude increased by 0.8% to $93.32. Data shows that oil exports from major producers in the region rose to 12.8 million barrels per day in September, driven by higher shipments from Saudi Arabia and the United Arab Emirates. Meanwhile, the market is watching for developments in communications between Washington and Tehran, amid ongoing concerns about the Strait of Hormuz as a key passage for oil and gas supplies.
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