Oil prices ease in early Asian trade as tankers leave Middle East

Brent crude slipped $1.29 to $89.45 a barrel while WTI fell more modestly, down 56 cents to $83.90.

Staff Writer
Saudi Arabia vessel Strait of Hormuz Reuters

Article summary

AI Generated

Oil prices retreated in early Asian trading as tankers continued leaving the Middle East. Brent fell 1.42% to $89.45 a barrel, while WTI slipped 0.66% to $83.90.

Key points

  • Brent crude fell $1.29 to $89.45 a barrel
  • WTI dropped 56 cents to $83.90 a barrel
  • Tankers continue departing the Middle East region

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Oil prices gave back some of their recent gains in early Asian trading on Wednesday as tankers continued to leave the Middle East region.

Brent crude futures fell $1.29, or 1.42%, to $89.45 a barrel. West Texas Intermediate dropped 56 cents, or 0.66%, to $83.90 a barrel.