53 Days
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المشهد العربي
Oil Prices Extend Losses Amid Profit-Taking and Risk Assessment
Oil prices extended their losses amid profit-taking and reassessment of risks associated with escalating tensions between the United States and Iran, with Brent crude dropping to $79.17 and WTI to $84.23 per barrel. Goldman Sachs forecasts that oil prices could surpass $110 per barrel if Middle Eastern exports remain weak, while they might fall back to the sixties if tensions ease. Despite regional efforts to avoid a full-scale war, the market remains susceptible to further volatility depending on how the conflict develops.
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