Oil prices fall to $89.45 Brent
Oil prices declined today, with Brent crude dropping by $1.29 to reach $89.45 per barrel, while U.S. West Texas Intermediate crude saw a slight decrease to $83.90. This came after an increase in the number of ships passing through the Bab el-Mandeb Strait, with 39 vessels crossing over two days—the highest count since July 19—compared to a limited number passing through the Strait of Hormuz. This decline reflects market volatility following previous gains, as geopolitical factors and global supply continue to be closely monitored.
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