17 Hrs
Source:
الاقتصادية
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Oil prices steady amid global updates
Oil prices experienced a slight change at the close of trading today, Wednesday, as investors maintained their balance between a potential improvement in peace talks between Russia and Ukraine and declining U.S. oil inventories, amid the absence of dialogue between the United States and Iran. Brent futures rose by three cents to reach $108.82, while West Texas Intermediate crude fell by 67 cents to $97.15, with both benchmarks previously hitting their highest levels in five and six months, respectively. Tensions continue in the Strait of Hormuz and attacks on ships persist, as Russia and Iran continue their discussions, while the U.S. works to increase fuel production to address the diesel shortage resulting from conflicts in Iran and Ukraine.
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