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مباشر
Oil dips but remains above $100 for the week
Oil prices retreated today, Friday, but are still on track to end the week above $100 per barrel for the first time since mid-May, amid rising attacks on shipping routes in the Middle East, especially through the Strait of Hormuz. This has heightened concerns over persistent disruptions to oil supplies. Brent crude fell to $105.62, while West Texas Intermediate dropped to $101.10, after recording weekly gains of about 13%, supported by the escalation of Houthi attacks on the Yemeni port of Mukalla and increasing tensions in the Red Sea region. Analysts indicated that ongoing attacks threaten to test West Texas Intermediate prices again at $119.48, amidst expectations that disruptions to Chinese buying will have an increasing impact. Meanwhile, OPEC revised downward its forecast for oil demand growth in 2026 to 380,000 barrels per day, and the organization's August production decreased by 640,000 barrels per day.
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