Oil prices fell more than two percent in weekend settlement, according to daily transaction reports. This decline reflects a global demand slowdown and rising production. Market experts predict that continued output from OPEC+ countries may trigger further price drops.
"Global supply is expected to be affected by the lower price," said a World Bank analyst.
Oil movements influence global equity markets, with major exchanges experiencing a mild dip. Investors are closely monitoring developments, amid mixed expectations about future price trajectories.
