Reported about 3 hours ago
Oil prices have decreased for the third consecutive day as expectations of a global supply surplus overshadow worries about Russian oil exports. Brent crude dipped below $67 per barrel, erasing previous gains. Despite some support from geopolitical tensions and U.S. governmental actions against Russian oil, forecasts of a record supply surplus next year by the International Energy Agency have kept prices stable. Indian refiners continue to rely on Russian crude amid rising domestic fuel demand, while Ukraine intensifies attacks on Russian oil infrastructure.
Source: YAHOO