Crude Oil Prices Retreat: Brent, WTI Slip Even as Rebound Risks Persist
5 Articles
5 Articles
Shafaq News – Oil prices fell by more than 5% this week, despite ongoing tensions related to the war with Iran and disruptions to shipping through the Strait of Hormuz. This paradox reflects the impact of market expectations regarding global supply and demand. Brent crude settled at $89.31 a barrel, down 0.43% on Friday, while West Texas Intermediate (WTI) crude finished trading at $83.40, down 0.16%. On a weekly basis, Brent lost more than 5%, …
Crude oil prices retreat: Brent, WTI slip even as rebound risks persist
Crude oil prices held in a tight range this week as investors focused on the stalemate between the US and Iran. Brent, the global benchmark, ended the week at $88.28 a barrel, while West Texas Intermediate (WTI) settled at $83.45. Both benchmarks remain more than 30% below their highs for the year, and key developments could push prices higher in the near term. No ceasefire between the US and Iran The biggest risk facing crude oil prices is the…
Presby - Oil prices declined at the settlement session on Friday, as they declined during the week, as customers evaluated indicators on the policy of the United States Federal Reserve Council.
Oil Prices Drop 4%–5% as Gulf Exports Recover Despite Hormuz Claim
NEW YORK, August 29, 2026, 08:05 (EDT). WTI lost 4.2% this week to settle Friday at $83.40 a barrel. October Brent fell 5.4% for the week, closing at $89.31. Persian Gulf exports recovered to an estimated 15–16 million barrels daily. Iran still says restrictions through the Strait of Hormuz remain in force. Oil prices recorded…
Brent crude oil prices fell to $89.3 per barrel on Friday, extending their weekly loss to over 5 percent. The reconciliation process between Iran and Oman, closely monitored by the US, and the resulting decrease in supply risks from Iran and the recovery of oil flows in the Persian Gulf, strengthened downward pressure on oil prices.
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