Oil Prices Decline by Over 2% at Settlement

Doha: Oil prices fell by more than 2% at settlement on Tuesday. Brent crude dropped by $1.58, or 2.3%, to settle at $67.22 per barrel. West Texas Intermediate (WTI) crude lost $1.55, or approximately 2.4%, to reach $63.25 per barrel. According to Qatar News Agency, the decline in oil prices was noted across major benchmarks, with both Brent and WTI experiencing significant reductions. The drop in prices reflects ongoing fluctuations in the global oil market.