Oil drops to $109.06 per barrel
Oil prices declined today, Tuesday, as Brent crude futures dropped by 0.45% to $109.06 per barrel, after reaching its highest level since May 20 at $110.70. Similarly, U.S. West Texas Intermediate (WTI) crude fell by 0.33% to $103.32. This decrease follows a recent rise in Brent crude prices, amid expectations of increased oil supplies, especially with statements regarding Russia's diesel exports and a rise in U.S. oil production, amidst tensions in the Middle East that are affecting prices.
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