{"id":17141,"date":"2026-06-05T08:20:22","date_gmt":"2026-06-05T08:20:22","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=17141"},"modified":"2026-06-05T08:20:22","modified_gmt":"2026-06-05T08:20:22","slug":"global-crude-oil-price-today-june-5-2026-brent-oil-price-falls-to-94-79","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/17141\/","title":{"rendered":"Global Crude Oil Price Today (June 5, 2026) \/ Brent Oil Price Falls to $94.79"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Brent crude oil futures fell by 24 cents, or 0.25%, to $94.79 per barrel. U.S. West Texas Intermediate (WTI) crude oil futures dropped by 56 cents, or 0.6%, to $92.48 per barrel.<\/p>\n

According to Roydad Naft, oil prices eased slightly after Oman announced that operations at the Mina al-Fahal port were proceeding normally. This statement followed reports of suspended oil loading after an explosion.<\/p>\n

Brent crude oil futures declined by 24 cents, or 0.25%, to $94.79 per barrel (as of 07:04 GMT). The contract had fallen 2.84% in the previous trading session.<\/p>\n

U.S. WTI crude oil futures reached $92.48 per barrel, down 56 cents or 0.6%. The contract had dropped 3.1% on Thursday.<\/p>\n

Both contracts are on track to record their first weekly gain in three weeks, with WTI rising more than 6%. This increase comes amid escalating conflicts in the Middle East, prolonged peace negotiations between the United States and Iran, and restricted traffic in the Strait of Hormuz \u2014 through which one-fifth of the world\u2019s oil passes.<\/p>\n

Oman\u2019s oil development company announced on Friday that operations at Mina al-Fahal port were continuing normally. The statement came after media reports claimed oil loading had been halted following an explosion near the berthing docks.<\/p>\n

Oman exports 800,000 to 900,000 barrels of crude oil per day from this terminal.<\/p>\n

Analysts have also expressed concerns about declining global oil inventories, which could trigger a price surge in the third quarter of the year.<\/p>\n

Hezbollah leader Naim Qassem rejected on Thursday an agreement between Israel and the Lebanese government to halt hostilities, which had been reached with U.S. mediation. Iran has also made a ceasefire in Lebanon a condition for any peace agreement with Washington.<\/p>\n

U.S. President Donald Trump said on Thursday that he believes progress has been made between Israel and Lebanon, and that Lebanon deserves peace.<\/p>\n

Tony Sycamore, a market analyst at IG, wrote in a note: \u201cAny optimism remains overshadowed by a complex web of conflicting news. From a technical perspective, as long as WTI crude oil stays above the trend support level around $80, the risks will remain tilted to the upside.\u201d<\/p>\n

OPEC is sticking to its forecast of oil demand growth of 1.2 million barrels per day for this year. OPEC Secretary-General Haitham al-Ghais announced this on Thursday, even as fighting continues in the Middle East and the Strait of Hormuz remains closed.<\/p>\n

Iran\u2019s oil exports have fallen to their lowest level in six years, primarily due to the U.S. naval blockade, although weak demand in China has also put pressure on oil prices.<\/p>\n

Updated on