Crude oil price to slump? Prices set for biggest weekly drop since March 2023; supply risk premium from Israel-Iran conflict fades
Oil prices are set for their largest weekly decline since March 2023 as concerns about supply disruptions from the Iran-Israel conflict have diminished. Despite a slight intraday increase, both Brent and WTI crude benchmarks are poised for a roughly 12% weekly drop. Analysts cite an oversupplied market and revised price forecasts, while U.S.
Oil prices are set for their largest weekly decline since March 2023 as concerns about supply disruptions from the Iran-Israel conflict have diminished. Despite a slight intraday increase, both Brent and WTI crude benchmarks are poised for a roughly 12% weekly drop. Analysts cite an oversupplied market and revised price forecasts, while U.S.
