Oil prices fell by 2% at the settlement at the end of Monday's trading. Brent crude futures fell $1.58, or 2%, to reach $77.46 per barrel at the settlement. US West Texas Intermediate crude futures also fell $1.73, or 2.29 %, recording $73.83 per barrel at the settlement. The Organization of the Petroleum Exporting Countries (OPEC) has again lowered its expectations for global demand growth for crude for the years 2024 and 2025, and China's oil imports fell for the fifth month. Source: National Iraqi News Agency
Recent Posts
ECO and WHO Discuss Strengthening Health Cooperation in Tehran
October 10, 2026
IRGC Confirms Explosion of Supertanker in Strait of Hormuz
October 10, 2026
Iran and Russia Discuss Oil Exploration in Southern Caspian Sea
October 10, 2026
Iran-FAO Collaboration Strengthens Amidst Political Pressure
October 10, 2026
Iranian Red Crescent Rescues Thousands During Conflicts
October 10, 2026