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[size=36]Low oil prices amid uncertainty about the future of the global economy[/size]
political| 10:18 - 04/24/2023
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Baghdad - Mawazine News
Oil prices fell, in trading today, Monday, due to the uncertainty about the future of the global economy, which will affect the demand for black gold.
And by 09:20 Baghdad time, US crude futures fell by 1.35% to $76.82 a barrel, while Brent crude futures fell by 1.30% to $80.60 a barrel, according to Bloomberg agency data.
Last week, US crude contracts ended trading up by 0.70% at $77.87 a barrel, but recorded weekly losses of about 6%.
While Brent contracts closed up by 0.70%, also at $81.66 a barrel, and the contracts recorded weekly losses of about 5.8%.
Today, oil prices fell, as concerns about high interest rates, the global economy, and expectations of fuel demand overshadowed the possibility of a decline in supplies after countries in “OPEC +” cut production. Ended 29/h
Oil prices fell, in trading today, Monday, due to the uncertainty about the future of the global economy, which will affect the demand for black gold.
And by 09:20 Baghdad time, US crude futures fell by 1.35% to $76.82 a barrel, while Brent crude futures fell by 1.30% to $80.60 a barrel, according to Bloomberg agency data.
Last week, US crude contracts ended trading up by 0.70% at $77.87 a barrel, but recorded weekly losses of about 6%.
While Brent contracts closed up by 0.70%, also at $81.66 a barrel, and the contracts recorded weekly losses of about 5.8%.
Today, oil prices fell, as concerns about high interest rates, the global economy, and expectations of fuel demand overshadowed the possibility of a decline in supplies after countries in “OPEC +” cut production. Ended 29/h
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