Tuesday, 02 January 2024 12:17 GMT

Oil Falls, With Brent Crude Recording $97.14 Per Barrel


(MENAFN- The Peninsula) QNA

Beijing, China: Oil prices declined Thursday, after gains in previous sessions, amid investors monitoring developments in global markets.

Brent crude futures fell 67 cents, or 0.69%, to $97.14 per barrel, while US West Texas Intermediate (WTI) crude dropped 62 cents, or 0.65%, to $95.40 per barrel.

Both crude benchmarks climbed about 2% on Wednesday, extending gains from the previous session.

In the US, data from the Energy Information Administration (EIA) showed that crude inventories fell by 8 million barrels to 433.7 million barrels in the week ended May 29.

MENAFN04062026000063011010ID1111209548



The Peninsula

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search