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مباشر
Oil drops amid easing supply concerns
Oil prices declined today, Thursday, after closing higher earlier this week. Reports indicated that Saudi Arabia shipped more crude oil through Oman, easing supply concerns. These increased flows caused Brent crude to fall to $103.95 per barrel (down $1.88, or 1.8%) and West Texas Intermediate to $100.66 (down $1.77, or 1.7%). These supply threats are partially balanced by ongoing tensions in the Middle East, especially after attacks on the East-West pipeline and disruptions at the Saudi port of Yanbu. However, the new flows have helped reduce the severity of the supply shortage, although some analysts believe these shipments are only enough to offset part of the deficit caused by the attacks.
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