Oil Prices Decline Below $104 Per Barrel Amid Easing Market Supply Concerns

mesoiraq - Global energy markets recorded a dip in crude oil prices, with Brent crude futures easing to $103.53 per barrel alongside a decline in West Texas Intermediate. The price movement follows a reduction in immediate geopolitical supply fears, despite newly announced sanctions targeting oil transport networks. Markets continue to evaluate shipping routes through critical straits alongside weather disruptions impacting major production zones.