Reported 1 day ago
Crude oil prices have dipped to a one-week low, influenced by Iraq's agreement to resume oil exports through Turkey. This resumption could add over 230,000 barrels per day to global markets. Despite limited losses due to a weaker dollar and a record high in the S&P 500, reduced demand from India and increased crude storage globally further pressured prices. Ongoing geopolitical tensions, particularly regarding Ukraine, continue to support crude prices against potential sanctions on Russian energy exports.
Source: YAHOO