Reported about 13 hours ago
Oil prices experienced a slight decline as oversupply fears overshadowed geopolitical tensions, with Brent crude settling at $66.57 per barrel and WTI at $62.64. Iraq's oil exports are expected to rise under OPEC+ agreements, raising concerns about the global oil market's balance. Meanwhile, U.S. equities also dipped amid uncertainties regarding interest rate policies and Middle Eastern tensions, though no immediate oil supply disruptions were noted.
Source: YAHOO