13 Hrs
Source:
وكالة الأنباء القطرية
Oil drops on US-Iran talks
Oil prices declined today amid hopes that recent talks between the United States and Iran will lead to progress in ending the five-month-long conflict and reopen the Strait of Hormuz for navigation. The price of Brent crude fell by 0.5% to $79.08 per barrel, while West Texas Intermediate dropped by 0.7% to $74.69, after a slight increase in Brent yesterday. Additionally, the U.S. Energy Information Administration reported that oil inventories increased by 2.5 million barrels to 407 million barrels at the end of July, amid a slight decline in refinery operations and an increase in imports.
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