Oil Prices Edge Lower on Wednesday

PUKMEDIA

Oil prices.

Oil prices slipped on Wednesday as market concerns grew over rising global supply and slowing demand.

Brent crude traded at around $62.31 per barrel, while WTI stood near $58.69. Analysts said increased output from major producers and weaker economic signals have weighed on prices.

Oil market trends remain crucial for Iraq and the Kurdistan Region, where energy revenues form a cornerstone of public finances.



PUKMEDIA