Oil falls as supply-disruption fears ease

Oil falls as supply-disruption fears ease
Oil falls as supply-disruption fears ease
Sharjah24 – Reuters: Oil prices fell on Thursday, extending losses from the previous session, as fears of supply disruption eased on the news that the Group of Seven (G7) nations were considering a high price cap on Russian oil.
A greater-than-expected build-up in US gasoline inventories added to downward pressure.

Brent crude futures had slid 43 cents, or 0.5%, to $84.98 a barrel by 0102 GMT, while US West Texas Intermediate (WTI) crude futures dropped 35 cents, or 0.5%, to $77.59 a barrel.

Both benchmark contracts plunged more than 3% on Wednesday on news that the planned price cap could be above the current market level.

The article is in Arabic

Tags: Oil falls supplydisruption fears ease

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