Oil Prices Stabilize Amid U.S.-Iran Ceasefire, But Economic Challenges Persist
5 Articles
5 Articles
Oil Prices Slide Near $65 After Second Major Decline
Global oil prices extended their losses on Thursday, falling to their lowest levels in nearly four months as concerns over supply disruptions in the Gulf continued to ease following the Iran-US ceasefire. At the time of writing, Brent crude futures were down $1, or 1.33 percent, trading at $72.7 per barrel. Meanwhile, US West Texas […] The post Oil Prices Slide Near $65 After Second Major Decline appeared first on TechJuice.
"The situation in the Strait of Hormuz looks somewhat different in diplomatic talks than in economic terms," economists at Bank Pekao note. Should we expect a further decline in oil prices? In their opinion: "probably not."

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