Oil Prices Are Set for Another Monthly Dip ...Middle East

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Oil Prices Are Set for Another Monthly Dip
source : OILPRICE ( Middle East ) () 75
Crude oil prices extended their latest decline today, looking set for a monthly drop that, according to Reuters, will be the deepest in three years. At the time of writing, Brent crude was trading at $63.46 per barrel, with West Texas Intermediate at $59.68 per barrel. Since the start of the month, the benchmarks have lost between 15% and 16%, Reuters reported. This is the deepest dive since November 2021. Trump’s tariff offensive seems to be the chief reason for the price decline, with virtually every analyst and economist predicting global…

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