Wednesday, October 7, 2026

Post: Oil Prices Decline Due to Increased Middle East Exports and G7 Supply Pledge

Doha:Oil prices decreased by nearly USD 2 at settlement, influenced by an increase in Middle East crude exports and a commitment from the G7 to enhance market supplies.

According to Qatar News Agency, Brent crude saw a reduction of USD 1.93, equivalent to a 1.89 percent drop, settling at USD 100.32 per barrel. Similarly, US West Texas Intermediate (WTI) fell by USD 1.68, a 1.84 percent decrease, closing at USD 89.43 per barrel.