AMMAN — Oil prices experienced a notable decline on
Wednesday, dropping by 5 percent. This downturn comes as concerns mount
regarding the ratification of the American debt ceiling agreement, dampening
risk appetite among investors.
اضافة اعلان
Moreover, the conflicting messages coming from major oil
producers have cast a shadow over the supply outlook, just days before their
upcoming meeting, as reported by Reuters.
Brent crude futures bore the brunt of the slump, falling by
5 percent to reach $73.22 per barrel. Simultaneously, US crude futures followed
suit, also plummeting by 5 percent to settle at $69.02 per barrel.
Amidst these developments, the possibility of some hardline
Republicans opposing the debt ceiling agreement in the US, the world's largest
oil consumer, has added to the uncertainty.
However, Democratic President Joe Biden and Republican House
Speaker Kevin McCarthy maintain an optimistic outlook on the agreement's
ratification.
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