Falling oil prices as shipping activity improves in the Strait of Hormuz, with an expected 20% rise in July
Oil prices fell on Friday as crude flows increased from the Arabian Gulf, despite ongoing military exchanges between the United States and Iran and the widening scope of the regional conflict.
By 09:22 a.m., September Brent crude futures had dropped 1.6% to $87.62 per barrel, while West Texas Intermediate (WTI) crude futures fell 2% to $81.85 per barrel.
Both benchmarks were on track to record weekly losses of more than 8%, amid renewed hopes for peace talks that appeared at the start of the week and weighed on prices.#الفيدرالي_الامريكي #AppleChipShortageHurtsSalesForecast #NasdaqRebounds2.8%EndingSixDaySlide #KospiJumpsRecord15% #USStocksOpenHigherStorageSharesRebound $TRUMP
$XAU
Oil prices fell on Friday as crude flows increased from the Arabian Gulf, despite ongoing military exchanges between the United States and Iran and the widening scope of the regional conflict.
By 09:22 a.m., September Brent crude futures had dropped 1.6% to $87.62 per barrel, while West Texas Intermediate (WTI) crude futures fell 2% to $81.85 per barrel.
Both benchmarks were on track to record weekly losses of more than 8%, amid renewed hopes for peace talks that appeared at the start of the week and weighed on prices.#الفيدرالي_الامريكي #AppleChipShortageHurtsSalesForecast #NasdaqRebounds2.8%EndingSixDaySlide #KospiJumpsRecord15% #USStocksOpenHigherStorageSharesRebound $TRUMP
$XAU