19 Hrs
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الشارقة 24
Oil declines over 1% to $93.23
Oil prices fell by more than a dollar in today’s trading, as investors shifted to profit-taking and awaited reactions to potential U.S. sanctions on Iran. Brent crude declined by 1.23% to $93.23 per barrel, while West Texas Intermediate dropped by 1.78% to $85.51. This followed two weeks of gains during which prices increased by over 5%, amid possible disruptions to oil shipments through the Strait of Hormuz due to stalled negotiations between Washington and Tehran.
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