Reported about 1 year ago
Oil prices dropped around 1% to a one-week low due to Hurricane Beryl impacting U.S. refineries and ports in the Gulf of Mexico, and hopes for a ceasefire in Gaza. Brent crude settled at $85.75 a barrel, and U.S. West Texas Intermediate crude settled at $82.33 as Hurricane Beryl hit Texas, causing closures, flight cancellations, and power outages, while talks for a Gaza ceasefire and global elections impacted energy policies and oil consumption in various regions.
Source: YAHOO