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Hydrocarbon: oil falls by 1%

09/02/2026
Source : ORISHAS FINANCE
Categories: Raw materials

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The oil price fell by 1% on Monday, the immediate fears of a conflict in the Middle East were subsided after the The United States and Iran are committed to continuing talks on the Tehran's nuclear program over the weekend.

On Monday at 4:44am GMT, the price of Brent fell by 67% cents, or 1%, to reach $67.38 per barrel, while the West American Texas Intermediate fell to $62.94 per barrel by 61 cents, or 1%.

The two indexes of Benchmarks fell by more than 2% last week following the appeasement of tensions, registering their first drop in seven weeks

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