Oil settles 1% lower
10/07/2023
Argaam
Oil drilling rigs
Oil settled 1% lower today, July 10, after posting an over 4% gain last week amid potential economic recession on a continued monetary tightening cycle.
Brent futures for September delivery settled 1%, or 78 cents lower, at $77.69 a barrel.
West Texas Intermediate (WTI) crude for August delivery dropped by 1.15%, or 87 cents, to $72.99 a barrel.
Market Indices
Dubai
5,897.57
(9.63)
(0.16 %)
Abu Dhabi
9,960.24
(33.00)
(0.33 %)
TASI
10,542.23
(47.72)
(0.45 %)
Qatar
9,209.53
(49.77)
(0.54 %)
Kuwait
9,063.91
13.25
0.15 %
Muscat
7,828.06
39.92
0.51 %
Bahrain
1,898.90
(2.96)
(0.16 %)
Commodity Price
Brent Crude Oil
102.20
1.27
1.26%
Nymex
89.08
(1.16)
(1.29%)
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