Oil prices dipped roughly 1% on Thursday, extending losses from the previous session, after OPEC+ postponed a meeting, triggering speculation that the group may not deepen output cuts next year due to dissenting African members.
Brent futures were down 85 cents
Oil prices dipped roughly 1% on Thursday, extending losses from the previous session, after OPEC+ postponed a meeting, triggering speculation that the group may not deepen output cuts next year due to dissenting African members.
Brent futures were down 85 cents, or about 1%, at $81.11 a barrel by 0916 GMT, after falling as much as 4% on Wednesday.
U.S. West Texas Intermediate crude slid 71 cents, also about 1%, to $76.39, after declining as much as 5% in the previous session.
S&P Global Ratings has reaffirmed Israel’s sovereign credit ratings at “A/A-1” for both long- and short-term foreign and local currency debt. However, the agency cautioned that an extended or escalating military conflict could weigh heavily on the country's economic resilience, fiscal health, and external balances.
Turkey and the United Kingdom agreed to hold the first round of negotiations to modernize and expand the scope of a Free Trade Agreement (FTA) between them by end-July, Turkish Trade Minister Omer Bolat said on Wednesday.
The South Caucasus is emerging as a strategic hub for Gulf and Israeli investment, with Georgia and Azerbaijan leveraging their geographical positioning and open economies to attract billions in capital.
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