Baku:Oil prices experienced a decline in early trading on Monday as concerns regarding potential supply disruptions subsided, with indications suggesting that tensions in the Middle East are unlikely to intensify.
According to Qatar News Agency, the price of Brent crude decreased by 84 cents, or 0.85%, reaching $97.48 per barrel. Concurrently, US West Texas Intermediate (WTI) crude saw a decline of 32 cents, or 0.35%, bringing it to $90.51 per barrel.
These changes reflect the market's response to easing worries about supply issues, primarily influenced by the current geopolitical climate in the Middle East.