19 Hrs
Source:
الاقتصادية
Investors Trim Gains as Brent Falls
Crude oil futures for Brent declined to $109.55 per barrel after reaching a five-month high last week, due to investors taking profits. Meanwhile, U.S. West Texas Intermediate (WTI) rose to $103.66, the highest since September 15, despite weak trading ahead of October contracts' expiration. Analyses have reported that intensified attacks on commercial ships in the Strait of Hormuz have significantly reduced Gulf oil flows to around 8.5 million barrels per day, adding pressure to the oil markets amid expectations of continued escalation ahead of the U.S. Congress elections.
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