Oil prices decline on global markets

ru.apa.az (Russian) —

Oil prices fell on global markets on Friday. Brent crude January 2027 futures dropped 0.23% to $95.60 per barrel on the ICE exchange, while WTI December 2026 futures declined 0.48% to $88.31 on NYMEX. Analysts attribute the decline to expectations of reduced military tensions between the US and Iran, as well as progress in settling the Russia-Ukraine conflict. Rising US oil inventories and concerns about increased global supply also pressured prices. The price movement reflects ongoing market sensitivity to geopolitical developments and supply-demand dynamics.


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