Tag: Price Decrease
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UAE Fuel Prices Expected to Drop in December Announcement
On Friday, Brent crude futures recorded a sharp 3.3% decline, while the U.S. benchmark West Texas Intermediate (WTI) fell by 3.8%. Analysts attribute this slump to bearish market sentiment, driven by weak fundamentals and uncertainties surrounding oil demand and supply dynamics
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Fuel Prices Expected to Decrease in UAE Amid Global Oil Price Dip
The global benchmark, Brent crude, saw a notable decrease in May, trading between $82 to $83 per barrel and averaging $83.35, compared to the previous month’s average of $88.79