Oil Prices Drop Amid Geopolitical Shifts | Bermuda News

Oil prices are flat but heading for their biggest monthly and quarterly plunge since 2020, as geopolitical talks between the U.S. and Iran in Doha unfold amid a fragile ceasefire. Brent crude hovers near $73.18, WTI just under $70.45, while rising Gulf shipments and a projected 2027 global surplus of 5 million barrels per day weigh on prices. U.S. inventories may be hitting a record draw—hinting at shifting supply or demand dynamics. Watch closely: the stage is set for major market moves. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/509042b12a0813a0