22 Hrs
Source:
الاقتصادية
Oil drops after sharp two-week rise
Oil prices declined slightly after experiencing their biggest single-day jump in over two weeks. Brent prices rose to $89 per barrel, while WTI fell below $84, supported by tensions in the Middle East. The United States conducted strikes on military targets in Iran in response to Iranian attacks and threats, amid growing fears that the conflict could escalate and impact global oil supplies. The strikes led to U.S. oil inventories dropping to their lowest level since 1983, with expectations that tensions will continue to increase market volatility—especially given the ongoing tensions around the Strait of Hormuz and the Iran-West disagreements.
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