Oil Prices Start the Week With a Dip ...Middle East

Crude oil prices started trade with a slide this week, as traders await news about the possibility of an end to the war in the Ukraine, which would likely boost the international supply of Russian crude. At the time of writing, Brent crude was trading at $71.92 per barrel, with West Texas Intermediate changing hands for $68.06 per barrel, after booking two consecutive weekly gains, fueled by U.S. sanctions on Iran’s energy industry and OPEC+ efforts to bring production into the quota limits. “Expectations of progress in peace negotiations…

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