Oil loses some gains amid market shifts
Oil prices declined today, Thursday, despite continued transit of oil tankers through the Middle East region. Brent crude futures fell by 7.91% to $89.45 per barrel, and West Texas Intermediate (WTI) crude dropped by 0.66% to $83.90. This comes amid escalating tensions in the region and an increase in maritime transport activities, which reached the highest level since July 2026, as markets await the impact of the Iranian-American escalation on oil supplies.
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