Oil Prices Fall by Nearly 3 Percent at Settlement

Doha: Oil prices experienced a notable decline as trading came to a close, with Brent crude futures dropping USD 2.03, or 2.83 percent, to settle at USD 69.67 a barrel. Similarly, US West Texas Intermediate (WTI) crude saw a decrease of USD 1.93, or 2.79 percent, closing at USD 67.33. According to Qatar News Agency, despite the daily decline, Brent crude managed to end the week with a 6 percent increase. Similarly, WTI crude showed a weekly rise of 6.29 percent. This weekly gain comes amid a volatile market environment, where prices have fluctuated significantly.