Doha:Oil prices displayed mixed movements in today's trading as markets remained vigilant for geopolitical developments in the Middle East. Despite the fluctuations, prices are on track for a second consecutive weekly loss.
According to Qatar News Agency, Brent crude futures experienced a marginal decline of one cent, settling at USD 95.41 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures decreased by roughly 20 cents, or 0.25 percent, to USD 88.52 per barrel.
The losses observed today have erased the gains made over the previous two days in a week characterized by significant volatility. Uncertainty continues to loom over the possibility of a breakthrough that might ease tensions in the Middle East.
For the week, Brent crude is anticipated to drop by 2.4 percent, while West Texas Intermediate is projected to decrease by approximately 2.5 percent.