dijlahpoint - Global oil prices witnessed a slight decline in early trading, amid investors anticipating the repercussions of regional and international political events on the path of supplies, concurrently with the release of official data showing a noticeable decrease in US crude inventories.
Futures contracts for Brent crude recorded a slight drop, and US West Texas Intermediate crude also retreated, affected by the cautious state dominating markets regarding calming negotiations and peace paths in the Middle East.
In the same context, economic reports showed a decline in US crude oil inventories by more than expectations during the past period, alongside a drop in refined product inventories against a slight increase in gasoline inventories.
