24 Hrs
Source:
الوئام
Oil drops over supply fears in Hormuz
Oil prices fell by more than a dollar per barrel in early trading today, Thursday, due to fears of supply disruptions caused by attacks on ships in the Strait of Hormuz, along with U.S. efforts to ease shipping costs by easing sanctions on ships. Brent crude dropped by $1.39 to $104.67 per barrel, while U.S. West Texas Intermediate declined by $1.02 to $94.07. The market retreated after rising in the previous session amid escalating Iranian threats in the strait.
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