Al-Attiya Foundation Reports Weekly Energy Price Drop
Last Friday, Brent crude oil prices experienced a slight increase; however, they still incurred weekly losses nearing 8%, closing at $80.57 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude settled at $77.54. Additionally, spot prices for liquefied natural gas (LNG) in Asia declined to their lowest levels in four months, amid resumed shipping flows through the Strait of Hormuz, as prospects for de-escalation between the United States and Iran diminished.
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