23 Hrs
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الثورة
Oil falls on weak demand outlook
Oil prices fell by more than a dollar, following analysts' revised downward forecasts for global oil demand in 2026, due to disruptions resulting from the escalation between the US and Israel against Iran. Despite this, prices remained relatively high due to supply restrictions caused by the conflict. Brent crude dropped by $1.29 (1.5%) to $87.69 per barrel, while West Texas Intermediate declined by $1.30 (1.6%) to $81.97 during today's trading.
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