Global Oil Prices Ease Amid Market Caution
News 09:20 AM - 2025-10-09
Sky News
Oil prices
Oil prices declined slightly on Thursday as investors assessed demand prospects and geopolitical risks. Brent crude traded at around USD 67.28 per barrel, while West Texas Intermediate (WTI) stood near USD 62.02.
Analysts attribute the modest fall to a stronger US dollar and concerns over slowing global demand, particularly from major Asian economies. However, supply constraints and ongoing tensions in the Middle East continue to lend some support to prices.
Market watchers say traders are closely monitoring production levels from OPEC+ members and the impact of recent geopolitical developments on global supply chains.
PUKMEDIA
More news
-
Oil Prices Ease as Hopes for US-Iran Peace Deal Offset Supply Concerns
09:19 AM - 2026-10-27 -
Jordan Strikes Southern Syria After Linking Church Attackers to ‘Terrorist Groups’
11:30 PM - 2026-10-26 -
Iran, Saudi Arabia, Türkiye and Pakistan Agree to Continue Four-Party Talks
09:06 PM - 2026-10-26 -
North Korea Deploys Artillery Near Border as Tensions with South Korea Rise
07:44 PM - 2026-10-26
see more
Iraq Reports Progress in Associated Gas Utilisation at Moscow Energy Summit
07:31 PM - 2026-10-26
Ilham Ahmed Calls for 20% of Syrian Parliamentary Seats to Be Allocated to Kurds
05:21 PM - 2026-10-26
.webp)
Qubad Talabani Seeks to Attract AI Companies to Kurdistan in Dubai Festival
03:11 PM - 2026-10-26
Iraq Begins Military Integration of Shingal Protection Units
02:45 PM - 2026-10-26
Most read
-
Oil Prices Fall as Hopes of Middle East De-escalation Ease Supply Concerns
News 10:48 AM - 2026-10-26 -
Egypt Approves Military Support for Saudi Arabia Amid Escalating Houthi Attacks
World 05:10 PM - 2026-10-26 -
Iraq Begins Military Integration of Shingal Protection Units
Iraq 02:45 PM - 2026-10-26 -
PUK Official, British CG Discuss Regional Changes
P.U.K 04:42 PM - 2026-10-26 -
North Korea Deploys Artillery Near Border as Tensions with South Korea Rise
World 07:44 PM - 2026-10-26 -
Sulaymaniyah Asayish Seizes 87 Litres of Liquid Methamphetamine
Kurdistan 01:27 PM - 2026-10-26 -
Jordan Arrests Three Suspects over Deadly Church Attack, State Media Reports
World 02:24 PM - 2026-10-26 -
Ilham Ahmed Calls for 20% of Syrian Parliamentary Seats to Be Allocated to Kurds
Kurdistan 05:21 PM - 2026-10-26
The News in your pocket
Download
Application
