Global Oil Prices Ease Amid Market Caution

Sky News

Oil prices

Oil prices declined slightly on Thursday as investors assessed demand prospects and geopolitical risks. Brent crude traded at around USD 67.28 per barrel, while West Texas Intermediate (WTI) stood near USD 62.02.

Analysts attribute the modest fall to a stronger US dollar and concerns over slowing global demand, particularly from major Asian economies. However, supply constraints and ongoing tensions in the Middle East continue to lend some support to prices.

Market watchers say traders are closely monitoring production levels from OPEC+ members and the impact of recent geopolitical developments on global supply chains.



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