24 Hrs
Source:
الاقتصادية
Oil prices decline as tankers depart Gulf
Oil prices declined as tankers continued to exit the Strait of Hormuz and fears over supply eased, despite an attack on a cargo ship near Oman for which Iran was blamed. The price of Brent crude dropped by $3.27 (4.34%) to $72 per barrel, while West Texas Intermediate fell by $2.69 (3.74%) to $69.23. Analysts expect the flow of oil through the strait to continue amid increasing supply surplus, as the market continues to react to tensions and news regarding supplies.
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