Global oil prices slide on commodity markets

International crude oil prices declined during trading sessions on global commodity exchanges.

Benchmark Brent crude fell to $79.79 per barrel, while U.S. West Texas Intermediate (WTI) crude dropped to $75.57 per barrel.

Market analysts attribute the downward pressure on crude futures to a weekly increase in U.S. commercial crude inventories by 2.5 million barrels, along with easing supply disruption risks amid diplomatic efforts regarding regional shipping security.

N.Tebrizli