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Oil prices extend losses as Middle East supply fears ease

Brent and U.S. crude prices fell again as extra Saudi cargoes offered through Oman eased fears of a prolonged supply squeeze after recent disruptions.Inventories also declined less than…

Oil prices extend losses as Middle East supply fears ease
Illustrative image: Trevora News archive.

Brent and U.S. crude prices fell again as extra Saudi cargoes offered through Oman eased fears of a prolonged supply squeeze after recent disruptions.

Inventories also declined less than analysts expected, giving traders another reason to trim the risk premium built into energy prices.

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