Oil prices vary as U.S. resumes Iran ceasefire violations
Oil prices declined slightly in today’s trading on Wednesday, amid fluctuations caused by renewed U.S. violations of the ceasefire with Iran, leading to uncertainty about the market’s direction. Nonetheless, expectations of decreasing U.S. inventories exerted downward pressure on the market, with Brent crude dropping to $91.36 per barrel and West Texas Intermediate to $88.10 per barrel, after prices had initially risen due to escalating tensions.
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