Stay updated with breaking news from May Oil. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Brent crude futures for January were down 35 cents, or 0.4%, at $81.08 a barrel at 0051 GMT, while the U.S. West Texas Intermediate (WTI) crude futures for December were at USD 76.82, down 35 cents, or 0.5%.
Iran uses revenue from Oil Show to finance terrorism, says Iranian dissident
Opec: The global benchmark, now trading around USD 75 a barrel after having shed about 13% thus far in 2023, was seen averaging USD 83.28 in the third quarter before popping above the USD 86 mark in the next two quarters. Forecasts for U.S. crude were also scaled back to USD 78.38 a barrel in 2023 from last month's USD 79.20.