मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Oil plummets as demand falls amid supply glut
Khaleej Times
|July 01, 2025
Oil prices remain in a precarious state, caught in a perfect storm of rising supply and faltering demand.
After a fleeting spike above $80 per barrel in mid-June, driven by Middle East tensions, Brent crude has tumbled to $67.76, with the September contract barely clinging to $66.97.
US West Texas Intermediate (WTI) settled at $65.61, marking an 11.27 per cent weekly plunge -the steepest since the 2020 pandemic-driven collapse.
On Monday, Brent crude futures edged down by 19 cents, or 0.3 per cent, to $67.58 a barrel at 1501GMT. US West Texas Intermediate crude was down 62 cents, or 1 per cent, at $64.90 a barrel.
This sharp decline signals a broader shift in market dynamics, with oversupply concerns and fading geopolitical risks reshaping the outlook for 2025.
यह कहानी Khaleej Times के July 01, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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