Crude oil prices decline for fourth consecutive week
after close1 source ↓written by the desknot a recommendation
- Brent crude dropped
- 1.3%
- lower
- 0.4%
- futures declined
- ₹48
- per barrel
- ₹6,477
Crude oil prices fell for the fourth consecutive week, driven by the normalization of tanker traffic through the Strait of Hormuz and advancing US-Iran peace talks. Brent crude dropped 1.3% to USD 71.74 per barrel, while WTI futures settled 0.4% lower at USD 68.40. On the Multi Commodity Exchange, July futures declined by ₹48 to ₹6,477 per barrel amid weak demand.
Not investment advice. For informational purposes only.