Oil prices edged down, and Iran announced the activation of a new maritime passage management mechanism to implement unified management of passing vessels. Reports also indicated that Iraq's national oil marketing organization intends to significantly cut the prices of oil. In addition, the United States and Israel are preparing to launch a new round of strikes on Iran.
In London, the Brent crude oil futures closed at US$109.87 per barrel for the contract of July, down about 4%. After the stock market closed, the price moved back above US$110.
In New York, the WTI crude oil futures contract for June closed at US$102.27 per barrel, down about 3.9%.
Analysts believe that after the sharp rise in oil prices, a technical correction has appeared.
Separately, US crude oil inventories fell by 8.1 million barrels last week, marking a decline for three consecutive weeks. Gasoline and distillate inventories dropped as well.
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