Energy · 1 view
Brent Tumbles to $96 as Gulf Oil Flows Bounce Back
Crude oil prices moved markedly lower on Wednesday and stayed there earlier today, after booking a solid jump for September.
AI Summary
Brent crude fell to $96 after a sharp drop on Wednesday that persisted into the following day. The price slide followed reports from JP Morgan, Goldman Sachs and data firm Kpler indicating that oil flows out of the Persian Gulf have essentially returned to pre‑war levels. The rebound in Gulf shipments was cited as the primary trigger for the market decline.
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