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Oil prices fell by nearly 2% on easing Middle East supply worries and increased exports, with Brent and WTI crude reaching multi-week lows.
Oil prices slipped as a result of heightened crude exports from the Middle East, alongside a stockpile release by the G7. Brent crude futures decreased to $100.28 a barrel, while US West Texas Intermediate dropped to $89.33. The recent Houthi attacks on Saudi Arabia have raised concerns about potential regional supply…
Brent crude futures were down 83 cents, or 0.8 percent, at $99.49 a barrel