Commodities
Brent Crude Oil Prices Drop 1.3% Amid Profit-Taking
Brent crude oil prices declined on Thursday, dropping by 1.35% to $89.515 per barrel as traders locked in profits after a strong rally.
The decline follows a period of significant gains driven by supply concerns and global energy market uncertainty.
Despite the daily fall, Brent remains higher over longer periods, with a gain of 25.29% over the past month, 47.37% over the last six months, and 25.07% compared to a year ago.