23 Hrs
Source:
الاقتصادية
Oil declines on Fed signals and Hormuz talks
Oil prices declined at the close of the week due to expectations of a US interest rate hike following new statements from the Federal Reserve chairman, along with rumors of a potential agreement to reopen the Strait of Hormuz. Brent crude fell to $89.31 per barrel, and West Texas Intermediate to $83.40, marking a weekly decrease of over 4-5%. The market is closely watching how these factors will impact shipping levels and supplies in the region.
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