1 Day
Source:
مباشر
Oil prices fall as Hormuz flows resume
Oil prices declined today, Friday, after a recovery in crude flows through the Strait of Hormuz and a reduction in supply shortage fears. WTI crude futures fell by 1.62% to $82.24 per barrel, and Brent crude dropped by 0.98% to $88.16. The Australian Commonwealth Bank indicated that resuming oil flows at 30-35% of pre-war levels could reinstate a surplus in the oil market, with expectations that reaching 50-60% might lead to market stabilization. The markets received a positive signal with the return of navigation activity, after prices had exceeded $93 per barrel due to escalating tensions between the United States and Iran.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)