Oil Prices Fall Amid OPEC Meeting Anticipation

Business

Sana'a: Oil prices fell in Asian trading on Wednesday, but remained near their highest levels in a month, amid anticipation of the OPEC+ meeting early next week. Brent crude futures fell 19 cents, or 0.3 percent, to $68.95 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 16 cents, or 0.2 percent, to $65.43 a barrel.

According to Yemen News Agency, both crudes had risen more than 1 percent at settlement in the previous session. The fluctuations in oil prices are closely watched as market participants await the outcomes of the OPEC+ meeting, which could have significant implications for the global oil supply and pricing strategies.