The barrel price of Brent oil, which rose to $119.13 yesterday, closed the day at $108.65.
The barrel price of Brent oil fell 0.3 percent from today's close at 14.19 to reach $ 108.28. At the same time, West Texas Intermediate (WTI) crude oil sold for $94.98 per barrel.
Measures to regulate oil prices, which have fluctuated due to weeks of conflict in the Middle East, were not enough.
Measures such as the agreement by International Energy Agency (IEA) member countries to release the largest amount of strategic oil reserves in their history at 400 million barrels, the temporary US exemption from sanctions on Russian oil stranded at sea and the suspension of maritime law have failed to stop the rise in oil prices.
Oil prices continued to fluctuate after the attack on some refineries in the South Pars natural gas field in the Persian Gulf south of Iran.
It was also reported that Iranian missile attacks on the Ras Laffan region, where Qatar's main liquefied natural gas (LNG) processing facilities are located, caused “widespread damage” to energy infrastructure.
The Kuwait Petroleum Company announced that the Mina Abdullah refinery was attacked with a drone and a fire broke out at the facility.
These developments increased supply concerns and supported the price of oil upwards.
Experts say escalating tensions in the Middle East, targeted attacks on oil infrastructure and losses in the Iranian government point to long-term disruptions in oil supplies.
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