TOKENPOST
1 min read
Add as a preferred source on Google

Brent Crude Falls as UBS Sees Low Inventories Supporting Prices

Geopolitical risk eased as Gulf shipments returned to normal during the decline.

By Enna Lee
Published
An oil tanker passes storage tanks at a Gulf export terminal / TokenPost.ai (mono)
An oil tanker passes storage tanks at a Gulf export terminal / TokenPost.ai (mono)

Brent crude prices fell sharply as geopolitical risk eased and Gulf shipments returned to normal. UBS sees depleted global oil inventories as a potential floor for crude prices, identifying low stockpiles as a possible source of support.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…