A broader conflict in the Middle East could threaten oil moving through key choke points in the region
Brent crude oil futures inched down 4 cents, or 0.1 per cent, to $76.77 a barrel
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said OPEC+ could pause or reverse the production hikes if it decided the market is not strong enough
The fuel price committee reduced retail prices for Super 98, Special 95, and E-Plus 91 by 15 fils per liter in July compared to the previous month
For the week, Brent was trading down more than 1 per cent while WTI fell beyond 3 per cent