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وكالة الأنباء القطرية
Oil drops over a dollar on weaker demand
Oil prices fell by more than a dollar today, amid lowered global oil demand forecasts for 2026 due to disruptions caused by the U.S.-Israeli war against Iran. OPEC downgraded its demand growth outlook to 580,000 barrels per day, while the International Energy Agency projected a contraction in consumption by 1.6 million barrels per day this year. Despite this, prices remained relatively high due to supply restrictions resulting from the conflict. Brent crude dropped by $1.29 to reach $87.69, and West Texas Intermediate declined by $1.30 to $81.97.
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