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BREAKING
Iranian Shura Council recommends the closure of the Hormuz Strait and leaves the decision up to the Iranian National Security Council.
IRGC Commander Major General Mohammad Pakpour: As time passes, the people's solidarity increases, which is a divine blessing
IRGC Commander Major General Mohammad Pakpour: The Iranian Revolution Guard Corps' aerospace operations will not stop
Russian Foreign Ministry: IAEA Director General Rafael Grossi must ensure that an objective report is presented at the special session of the International Atomic Energy Agency (IAEA)
Russian Foreign Ministry: The UN Security Council must respond to the US attacks on Iran
Russian Foreign Ministry: We strongly condemn the US strikes on Iran, calling the decision irresponsible
Iranian Red Crescent: Three personnel martyred, 29 injured in Israeli aggression
IRGC: We have identified and monitored the departure points of the US aircraft that carried out the aggression
IRGC: America has neither the initiative nor the ability to escape the consequences of a powerful response
IRGC: We strongly affirm that Iran's peaceful nuclear technology cannot be destroyed by any attack

Oil Prices Drop from Multi-Year High

  • By Al Mayadeen
  • Source: Agencies
  • 6 Oct 2021 20:23
1 Min Read

Crude oil prices fall in today's trading following a record multi-year high.

  • x
  • Brent crude hit its highest level since October 2018
    Brent crude hit its highest level since October 2018

Crude oil prices fell in today's tradings following a record multi-year high during which prices reached more than $83 a barrel. This occurred following a report issued by American Petroleum Institute (API), which stated a spike in US reserves, in addition to technical signs that indicated a sudden rise in prices.

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At 2:00 p.m. GMT, the global price benchmark for Brent crude contracts decreased by 1.7% to record an $81.12 a barrel, after having jumped earlier to $83.47, hitting its highest price level since October 2018.

US West Texas Intermediate crude contracts also fell 1.8% to $77.50 a barrel, having earlier spiked to $79.78, hitting its highest level since November 2014.

  • Petroleum
  • Brent
  • Oil
  • Oil Production
  • Brent crude oil
  • Oil prices
  • Crude oil

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