Global Oil Prices Decline as Supply Disruption Risks Ease

Amman – Oil prices continued to decline on Monday as the risk of supply disruptions eased following the passing of the U.S. storm "Rafael," and after China’s stimulus plan disappointed investors who were hoping for increased fuel demand in the world’s second-largest oil consumer. اضافة اعلان

According to Bloomberg News, West Texas Intermediate (WTI) crude futures fell by 19 cents to $73.68 per barrel, while Brent crude futures also dropped by 19 cents to $70.13 per barrel. Both benchmark indices fell by more than 2% last Friday.

Oil prices also dropped after concerns over supply disruptions, caused by the Rafael storm in the U.S. Gulf of Mexico, subsided.

--Petra