Oil prices have dropped below $100 a barrel due to Saudi Arabia restarting crude supply operations. Diplomatic efforts to resolve the US-Iran conflict have also contributed to easing market pressure. US crude inventories increased by 1.8 million barrels in the past week, contrary to analysts’ expectations. Iraq is reportedly increasing its oil exports, signaling a shift in regional supply dynamics.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.