Reported about 8 hours ago
Oil prices fell over 4% to a near two-week low due to a declining demand outlook and reports suggesting a less aggressive stance by Israel towards Iranian oil targets. Brent crude futures dropped to $74.18 a barrel, while West Texas Intermediate fell to $70.50. Both OPEC and the International Energy Agency have also lowered their global oil demand growth forecasts for 2024, particularly highlighting decreased imports from China.
Source: YAHOO