Oil Prices Dip as Middle East Tensions Ease and US Gasoline Stocks Surge

The global oil market witnessed a third consecutive day of price declines. This downturn reflects easing tensions in the Middle East and unexpected shifts in US fuel inventories. The benchmark Brent crude settled at $72.30 per barrel, a slight 0.03% decrease. Meanwhile, West Texas Intermediate (WTI) closed at $68.72, down 0.07%. Several factors contributed to […]