Reported 2 days ago
Crude oil prices have slightly decreased due to the strengthening of the dollar and concerns over oversupply, reaching a 5.25-month low. While gasoline prices are recovering from recent lows, worries about a global oil surplus, particularly with projections of a record surplus for 2026 and increased Iraqi production, continue to weigh on crude prices. Additionally, geopolitical tensions, including the ongoing discussions regarding the Ukraine war, are influencing market sentiment, while reduced exports from Russia provide some support for oil prices.
Source: YAHOO