Global Oil Prices Edge Lower

PUKMEDIA

Oil prices.

Oil prices dipped slightly in today’s trading, with Brent crude standing at around $65.47 per barrel and West Texas Intermediate (WTI) at $61.78.

The decline reflects continued market volatility, as traders weigh concerns over slowing global demand against supply dynamics. Analysts suggest that geopolitical developments and OPEC+ production strategies will remain key drivers of price movement in the coming weeks.

In Iraq, where the economy is heavily reliant on oil revenues, fluctuations in global prices continue to shape fiscal planning and government policy. The resumption of exports from the Kurdistan Region has also added a new dimension to supply considerations in the wider Middle East market.


PUKMEDIA