Oil drops to $105.50 as markets evaluate supply
Oil prices experienced a slight decline as markets continued to assess risks in the Middle East and potential American measures to ease restrictions on oil tankers from the "Shadow Fleet." Brent crude fell to around $105.50 per barrel, while U.S. oil remained steady at about $97.40, supported by a significant drawdown in U.S. oil inventories. The market is also watching for possible easing of sanctions on shipping vessels as part of efforts to lower global freight rates, amid escalating tensions between Saudi Arabia and the Houthis in Yemen, which continue to support oil prices.
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