21 Hrs
Source:
الاقتصادية
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Oil falls on improved supply outlook
Oil prices declined today, Thursday, after the temporary peace agreement between America and Iran came into effect. This has led to a gradual resumption of oil movement through the Strait of Hormuz and the reopening of Gulf fields. Brent crude fell by 1.3% to $78.50 per barrel, while Nymex traded at $75.50, with prices retreating after yesterday's gains amid expectations of a worldwide restart of operations. However, warnings remain about ongoing disturbances and their potential impact on market stability.
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