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2026-07-30T22:54:44.000Z

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Oil declines slightly after gains

Oil declines slightly after gains

Oil prices declined on Thursday morning in the U.S. markets after reaching record gains of 7% on Wednesday. The U.S. military strikes against Iranian targets led to increased demand and market volatility. Investors quickly took profits, causing the price of West Texas Intermediate (WTI) crude to drop by 0.77% to $83.81 per barrel, and Brent crude to fall by 0.6% to $90.17 per barrel. Market experts link this potential decline to adjustments in investors' positions, amid ongoing expectations that there will be no increase in oil supplies, which keeps the prospects for continued price fluctuations intact.

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