24 Hrs
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المشهد العربي
Oil prices fall further amid geopolitical concerns
Oil prices declined during today’s trading for the second consecutive session, amid ongoing geopolitical concerns in the Middle East, maintaining levels above $100 per barrel. The prevailing unease has led to a decrease in shipping traffic through the Strait of Hormuz to just three ships, compared to 12 previously, with expectations that Brent crude prices will range between $85 and $95 during the fourth quarter if regional tensions ease. Additionally, Oman’s November-delivery oil prices fell to $124, as markets await the Bank of Japan's decisions and global markets are influenced by price movements.
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