Oil continues to decline in world markets.
elchi reports that the price of October futures for Brent crude oil decreased by 0.36 dollars or 0.41% to 87.48 US dollars.
US WTI crude oil futures for October fell by 0.37 dollars or 0.45% to 81.86 dollars.
It should be noted that the decline in oil prices is attributed to hopes for reduced supply risks against the backdrop of strengthening expectations regarding the reopening of the Strait of Hormuz, negotiations between Iran and Oman, as well as Qatar’s mediation efforts.
Oil price has dropped below 88 dollars
