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Oil Prices Record Sharp Weekly Decline On US-Iran Ceasefire Hopes
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Oil Prices Record Sharp Weekly Decline On US-Iran Ceasefire Hopes
Global oil prices closed the week significantly lower as growing optimism over a possible ceasefire agreement between the United States and Iran eased fears of supply disruptions in the Middle East. Brent crude, the international oil benchmark, settled at $91.29 per barrel, representing an 8.9 per cent decline from the previous week’s closing price of $100.21. Similarly, the US benchmark, West Texas Intermediate (WTI), fell 9.3 per cent to $87…
·Abuja, Nigeria
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