{"id":61355,"date":"2026-05-30T11:39:37","date_gmt":"2026-05-30T10:39:37","guid":{"rendered":"https:\/\/dzwatch.dz\/?p=61355"},"modified":"2026-05-30T11:39:37","modified_gmt":"2026-05-30T10:39:37","slug":"oil-prices-plunge-over-1-heading-for-worst-weekly-loss-since-april","status":"publish","type":"post","link":"https:\/\/dzwatch.dz\/?p=61355","title":{"rendered":"Oil Prices Plunge Over 1% Heading for Worst Weekly Loss Since April"},"content":{"rendered":"<p>Oil prices tumbled more than 1% on Friday, on track to record their steepest weekly decline since April, as markets were rattled by reports of potential US-Iran negotiations that could ease shipping restrictions through the Strait of Hormuz and flood markets with additional supply.<\/p>\n<p>By 07:56 GMT, Brent crude July futures dropped 1.32%, shedding $1.24 to settle at <strong>$92.47 per barrel<\/strong>, while US West Texas Intermediate (WTI) futures fell 1.55%, losing $1.38 to reach <strong>$87.52 per barrel<\/strong>.<\/p>\n<p>Brent crude has now lost <strong>10.5%<\/strong> for the week \u2014 its worst weekly performance since the week ending April 6 \u2014 while WTI shed approximately <strong>9.2%<\/strong>, marking its largest weekly drop since mid-April.<\/p>\n<p>Analysts told <strong>dzwatch<\/strong> that the sharp sell-off reflects easing supply fears, particularly amid signals of a possible ceasefire deal and diplomatic progress between Washington and Tehran, which could gradually restore regional stability and boost crude output.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices tumbled more than 1% on Friday, on track to record their steepest weekly decline since April, as markets were rattled by reports of potential US-Iran negotiations that could ease shipping restrictions through the Strait of Hormuz and flood markets with additional supply. By 07:56 GMT, Brent crude July futures dropped 1.32%, shedding $1.24 &hellip;<\/p>\n","protected":false},"author":1,"featured_media":61354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rank_math_lock_modified_date":false,"cybocfi_hide_featured_image":"","iawp_total_views":1,"footnotes":""},"categories":[50],"tags":[],"class_list":["post-61355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economie-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/61355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61355"}],"version-history":[{"count":0,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/61355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/media\/61354"}],"wp:attachment":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}