West Texas Intermediate
Global oil prices drop by more than 1%
Global oil quotes dropped by more than one percent on the morning of October 15 following previous growth. Markets are reacting to supply risks due to attacks in the Strait of Hormuz and potential U.S. steps to ease sanctions on vessels.
Brent Crude Rises to $106.77 Amid Supply Risks from the Middle East
On September 29, oil prices rose for the second consecutive day due to fears of supply disruptions from the Middle East amid the conflict between the US and Iran. Brent futures increased by 1.4% to $106.77 per barrel, while West Texas Intermediate…
