Oil Prices Retreat From Nearly Six-Month Highs Despite Supply Concerns
8 Articles
8 Articles
Oil prices declined as they approached their highest levels in six months, with continuing concerns about supplies caused by attacks on Saudi Arabia, while Riyadh plans to store crude in Singapore starting in the second half of 2027.
Oil prices fell on Monday after last week's rally to their highest levels in nearly six months on hopes of a lull in hostilities between the United States and Iran, although continued attacks on Saudi Arabia, a key producer, kept investors cautious.
Oil Prices Drop After Near Six-Month Highs Amid Saudi Attacks - THE DESTINATION
LONDON: (News Desk) – Global oil prices declined on Monday after climbing to near six-month highs late last week, as investors weighed recent price gains against continued concerns over potential supply disruptions following attacks on Saudi Arabia. US West Texas Intermediate (WTI) crude futures fell by $1.60, or 1.55 per cent, to $101.67 a barrel […]
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