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المشهد العربي
Oil dips as Brent stays above 100
Oil prices experienced a decline during Friday's trading session, despite Brent crude approaching a weekly close above $100 per barrel for the first time since May. This decline is attributed to ongoing geopolitical tensions and conflicts in the Middle East, including the confrontation between the United States and Iran, as well as attacks on Russian refineries. The International Energy Agency (IEA) forecasted that global oil supply shortages will worsen until 2027 due to these persistent crises. Brent crude dropped by 3.63%, closing at $103.72, while Nymex crude decreased by 3.39% to settle at $99.04 per barrel.
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