Energy & Petrochemicals #crude oil#oil prices
Global Crude Oil Prices Post Sharp Weekly Losses Amid Israel-Hezbollah Ceasefire
Global crude oil prices registered steep weekly losses, with Brent August futures falling 7.7% to $80.57/barrel and WTI July futures declining 8.6% to $77.54/barrel. A fragile ceasefire between Israel and Hezbollah, brokered by the US, Qatar, and Iran, is seen as a key factor easing regional tensions and supporting trade flows.
Jun 22, 2026 1 source