Reported about 7 hours ago
Oil prices declined as traders turned their attention to improving tensions in the Middle East with Israel and Hamas agreeing on hostage releases, and rising US crude inventories. Brent crude dipped below $66 a barrel while West Texas Intermediate hovered near $62. Forecasts suggest a surplus in the oil market, driven by increased production and geopolitical uncertainties, with Goldman Sachs predicting Brent will average $56 per barrel next year.
Source: YAHOO