“Brent and WTI oil prices fell on September 12On September 12, Brent crude futures fell to $65.88 per barrel, and WTI to $61.86. The decline was caused by concerns about demand
in the US and oversupply.
”, — write: unn.ua
DetailsOil prices fell on Friday, adding to significant declines in the previous session, as fears of a potential demand slowdown in the US and an overall supply surplus outweighed concerns about supply disruptions due to the Middle East conflict and the Russian-Ukrainian war.
A daily report from SDIC Futures states that the oil market continues to fluctuate between oversupply pressure and fears of short-term disruptions, but geopolitical concerns are increasingly less supportive of prices.
RecallThe New Zealand government lowered the price cap on Russian oil to $47.6 per barrel.