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[size=36]Oil prices are declining again and Brent stands at $ 63.84 a barrel[/size]
Economie| 09:21 - 23/03/2021
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Follow-up - Mawazine News
Oil prices fell, on Tuesday, due to fears of new restrictions on the spread of the epidemic, and the slow spread of vaccines in Europe, which delays the recovery of demand for fuel.
Brent crude futures for May fell 78 cents, or 1.21%, to reach $ 63.84 a barrel.
US West Texas Intermediate crude futures for May delivery were down 71 cents, or 1.12%, to $ 60.86 a barrel.
Germany, the largest consumer of oil in Europe, is expected to extend the restrictions imposed on shopping and travel until April to contain the third wave of Corona injuries, prompting economists to reduce their growth expectations, and there is fear of a third wave of injuries that may hit Europe.
Last week, the Paris-based International Energy Agency lowered its forecast for crude demand in 2021 by 2.5 million barrels per day, while the Energy Information Agency expected global oil supply to exceed demand in the second half of 2021. Ended 29 / P4
Oil prices fell, on Tuesday, due to fears of new restrictions on the spread of the epidemic, and the slow spread of vaccines in Europe, which delays the recovery of demand for fuel.
Brent crude futures for May fell 78 cents, or 1.21%, to reach $ 63.84 a barrel.
US West Texas Intermediate crude futures for May delivery were down 71 cents, or 1.12%, to $ 60.86 a barrel.
Germany, the largest consumer of oil in Europe, is expected to extend the restrictions imposed on shopping and travel until April to contain the third wave of Corona injuries, prompting economists to reduce their growth expectations, and there is fear of a third wave of injuries that may hit Europe.
Last week, the Paris-based International Energy Agency lowered its forecast for crude demand in 2021 by 2.5 million barrels per day, while the Energy Information Agency expected global oil supply to exceed demand in the second half of 2021. Ended 29 / P4
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