Price movements
During the past week, the two benchmarks rose by more than one percent during the week.
During the last trading session, Friday, crude futures contracts declined Brent 36 cents, or 0.45 percent, to $79.04 per barrel upon settlement.
US West Texas Intermediate crude futures lost 29 cents, or 0.38 percent, to $75.56 per barrel.
Prices rose Oil Raw this month after Iran fired more than 180 missiles at Israel On October 1, raising the possibility of Israel responding by striking Iranian oil facilities.
Israel has not yet responded to the attack.
And in USHurricane Milton barreled toward the Atlantic Ocean yesterday, Thursday, after making its way through Florida, killing at least 10 people and cutting off power to millions.
The state suffered from a gasoline shortage earlier in the week as drivers stocked up on fuel ahead of the hurricane, with nearly a quarter of Florida’s gas stations running out of fuel by Wednesday morning.
Florida is the third largest consumer of gasoline in the United States, but there are no refineries in the state, making it dependent on seaborne imports.
On the supply side, the National Oil Corporation said: Libya It restored crude production to levels before the country’s central bank crisis, reaching 1.25 million barrels today, Friday.
