Oil drops as dollar rises and supplies grow
Oil prices have dropped significantly, nearing the lowest levels since the start of the war, reaching $72.68 per barrel. This decline is due to increasing supplies from the Middle East and Iran's readiness to boost its sales following a temporary waiver from U.S. sanctions. It is expected that the average prices of Brent and West Texas Intermediate during the third quarter will decline to approximately $67 and $62 respectively, compared to $94 and $87 in the previous quarter.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)