Oil Prices Edge Lower Amid Middle East Developments
Singapore, October 16 (QNA) - Oil prices edged lower in Asian trading on Friday as investors assessed geopolitical developments in the Middle East.
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Oil Prices Retreat as Investors Weigh Supply Outlook, Middle East Tensions
Oil prices fell more than 1% on Thursday as investors weighed risks to supply from attacks on shipping through the Strait of Hormuz against US efforts to cut petroleum shipping costs by easing sanctions on vessels. Brent crude futures fell $1.64, or 1.6%, to $104.42 a barrel by 0337 GMT, while US West Texas Intermediate crude futures were down 98 cents, or 1%, to $94.11, reversing gains from the…
٤ صورIMF slashes Middle East growth outlook due to war disruptions
akhbaralyawm.com 9 percent growth next year, the global lender said.The forecast was made before a series of deadly attacks on the Riyadh airport that began last week.
