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Oil extends decline on rising Middle East supply
BEIJING/SINGAPORE: Oil prices extended their decline on Thursday to near levels last seen before the start of the Iran war, as rising supply expectations from the Middle East outweighed demand concerns. Prompt-month Brent crude futures for August delivery fell $1.22, or 1.65 percent, to $72.52 a barrel as of 06:37 a.m. Saudi time, while US West Texas Intermediate lost $1.02, or 1.45 percent, to $69.32 a barrel. Both contracts hit their lowest since Feb. 27. August Brent was trading lower than September, which was priced at $73.59, signalling ample short-term supply.
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channelnewsasia.com
Oil inches down as investors focus on Hormuz flows after peace talks
June 23 : Oil prices inched down on Tuesday, extending losses from the previous session, as investors looked for clearer signs of progress in restoring crude flows through the…
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Oil prices extend decline on expectations of smoother crude flows via Hormuz
TOKYO, June 24 : Oil prices fell on Wednesday, extending this week's losses and trading near four-month lows hit in the previous session, on signs that more oil tankers stranded…
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Oil extends slide to more than 1% on expectations of smoother crude flows via Hormuz
BENGALURU, June 24 : Oil prices fell more than 1 per cent on Wednesday, extending this week's losses to hit fresh four-month lows on signs that more oil tankers are set to move…
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al-monitor.com
Oil falls below $74 as Hormuz traffic recovers after Iran war
Brent crude, the international benchmark for oil prices, was trading at $73.81 a barrel at 10:40 a.m. EDT, down 4.2% from Tuesday's close.
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Oil prices fall as tankers exit Strait of Hormuz
BEIJING, June 25 : Oil prices extended their decline on Thursday, edging closer to pre-war levels as stranded tankers exited the Strait of Hormuz following an initial accord to…
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arabnews.com
Oil extends decline on rising Middle East supply
BEIJING/SINGAPORE: Oil prices extended their decline on Thursday to near levels last seen before the start of the Iran war, as rising supply expectations from the Middle East…
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Oil prices fall to prewar levels on rising Middle East supply
Flows through the Strait of Hormuz were close to those before the start of the Iran war, says US Energy Secretary Chris Wright.
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aljazeera.com
Oil prices back to pre-war levels on rising Middle East supply
The price of Brent crude has reached its lowest since February 27, before the war started.
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economictimes.indiatimes.com
Oil falls to pre-war levels on rising Middle East supply
Oil prices have dropped to pre-Iran war levels as increased Middle Eastern supply overshadows demand worries. Flows through the Strait of Hormuz are nearing normalcy, boosting…
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saudigazette.com.sa
Oil price falls back to pre-war levels on rising Middle East supply
Oil prices fallen to levels before the US-Israel war on Iran as traffic through the Strait of Hormuz shipping route gradually resumes, raising expectations of supply from the…