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Oil prices flip higher after international energy forecasts
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Economy News-Baghdad
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Added 08/11/2022 - 12:38 PM
Update 08/11/2022 - 1:01 PM
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Economy News-Baghdad
Crude oil prices turned suddenly today, Thursday, after falling in early trading, to rise within 1%, after they issued positive expectations of a demand recovery from the International Energy Agency .
In the coming hours, markets are awaiting OPEC's expectations of the market situation, which comes in light of sudden and violent fluctuations in terms of data affecting the movement of prices .
The US NYMEX crude rose during these moments in Dodd 1%, or the equivalent of $0.9 per barrel, to reach levels near $92.8 per barrel, after descending to levels near $91 per barrel .
The benchmark Brent crude also increased during these moments in the range of 1%, or the equivalent of a dollar per barrel, to levels near 98.2 dollars, after descending to levels near 96.6 dollars earlier .
The price of US light NYMEX crude fell earlier today, Thursday, by 0.5%, or the equivalent of $0.4, down to levels near $91 a barrel .
While the benchmark Brent crude fell during early trading today, Thursday, in the range of 0.4%, or the equivalent of 0.6 dollars per barrel, down to levels near 97 dollars per barrel .
And oil prices turned up by about 1% when settling trading on Wednesday, after a larger-than-expected drop in US gasoline stocks and a jump in refinery use (TADAWUL:3030).
Views 13
Added 08/11/2022 - 12:38 PM
Update 08/11/2022 - 1:01 PM
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