rafidainscope - Global oil markets have witnessed relative stability as concerns over supply shortages receded, supported by strong crude export flows from the Middle East and the G7 nations' decision to release part of their strategic reserves. Brent crude and
West Texas Intermediate futures recorded slight increases, settling near $100 and $89 per barrel, respectively. International maritime data revealed that crude exports from the Middle East have recently surpassed their normal rates, driven by increased flows from major Gulf producers.
This has contributed to reassuring the markets and overcoming the security and geopolitical challenges faced by regional shipping routes.
