_1777294237270_124456903.png&w=48&q=75){kind=small}
Oil drops after Lebanon-Israel ceasefire
Oil prices declined following the announcement of a ceasefire between Lebanon and Israel, with Brent crude falling to $96.92 per barrel and West Texas Intermediate to $95.24. This reflects a reduction in tensions in the region and the possibility of energy flows restarting through the Strait of Hormuz. Despite the drop in prices, expectations still indicate that the return of oil flows will be gradual, with ongoing risks of rising prices during the third quarter. Additionally, U.S. oil inventories saw a significant decrease of 8 million barrels over the week.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)