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Oil: price regression

08/07/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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As the prospect of a ceasefire agreement in Gaza eased tensions in the Middle East, while investors assessed a potential disruption to American energy supplies due to Hurricane Beryl, oil prices fell on Monday after rising & for four weeks

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American West Texas Intermediate (WTI) crude traded at $82.53 per barrel, down 63 cents, or 0.76%. Brent crude oil futures were down 49 cents, or 0.57%, to $86.05 per barrel at 08:43 GMT. WTI gained 2.1% last week after data from the Energy Information Administration showed that inventories of crude and refined products declined in the week ending June 28

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