![After rising due to Middle East tensions and Libyan outages, oil prices now decline](https://market-tracker.in/wp-content/uploads/2024/02/Crude-oil-12.01.2023-600x400.jpg)
After rising due to Middle East tensions and Libyan outages, oil prices now decline
Oil prices halted their recent surge, resembling a 7% increase in the previous three sessions, due to supply concerns and concerns over a Middle East conflict and Libyan oil field shutdown. Brent crude futures fell 32 cents, or 0.39%, to $81.11 a barrel, while U.S. West Texas Intermediate crude futures fell 36 cents, or 0.46%,…