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    Oil extends losses on Wednesday

    Editorial TeamBy Editorial TeamJune 17, 2026
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    WORLD CAPITALS, 17th June, 2026 (WAM) — Oil prices inched lower on Wednesday, extending the previous session’s ​declines.

    Brent crude futures dipped 16 cents, or 0.2 percent, to $78.80 a barrel by 0340 GMT, while US West Texas Intermediate fell 25 cents, or 0.3 percent, to $75.80 a barrel.

    Both benchmarks fell about 5 percent for a second straight session on Tuesday to stand at ​three-month lows.

    Source: Emirates News Agency

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