10/5/2023, 12:50 PM (Source: TeleTrader)
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Oil prices down by more than 1.5% as supply fears ease

The prices of oil futures decreased on Thursday after Turkish Energy Minister Alparslan Bayraktar confirmed the pipeline that transports oil from Iraq's Kurdistan to his country's port of Ceyhan for export began operating again.

West Texas Intermediate (WTI) for November's settlements plunged 1.77% at 6:34 am ET to sell for $82.78 per barrel. At the same time, Brent for December's deliveries slid by 1.62% to go for $84.48 per barrel.

Baha Breaking News (BBN) / JR