Brent crude fell about 18 per cent from its May peak to $91.19/barrel by June 10, while WTI dropped nearly 16 per cent to $87.78/barrel.
Demand concerns, following the EIA’s lower 2026 oil consumption outlook and slower global growth expectations, outweighed Hormuz-related supply risks.
The decline may reduce feedstqqqqock costs across polyester, nylon, PP fibre and broader synthetic textile value chains.
Demand concerns, following the EIA’s lower 2026 oil consumption outlook and slower global growth expectations, outweighed Hormuz-related supply risks.
The decline may reduce feedstqqqqock costs across polyester, nylon, PP fibre and broader synthetic textile value chains.
