09 Oct 2025 | 3 Mins Read
Oil prices drop on Gaza peace plan and US inventory reports
Flipitmoney
Crude oil prices retreated as traders focused on cooling Middle East tensions and higher US inventories. US crude stockpiles expanded for a second week, despite lows at the Cushing storage hub. Prices are under pressure due to expected higher supplies, with Goldman Sachs predicting Brent to average $56 a barrel next year.