22 Hrs
Source:
الاقتصادية
Oil rebounds after four-day drop
Oil prices rose after a four-session decline, as the market awaits potential talks between the United States and Iran on the sidelines of the United Nations meetings. Data showed Brent crude increasing to around $101.70 per barrel, supported by increased supplies through the Strait of Hormuz and easing concerns over supply shortages. Experts believe that the current rise reflects investors' retreat from selling positions, but the market remains tense and influenced by diplomatic developments, with expectations of continued price volatility depending on the course of negotiations between Washington and Tehran.
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