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The oil is falling
- Time: 03/25/2021 12:13:31
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{Economic: Al Furat News} Oil prices fell, today, Thursday, as the new isolation measures aimed at combating the Corona virus revived concerns about the demand for oil products.
Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. [You must be registered and logged in to see this link.]
The landing came despite the disruption of navigation in the Suez Canal due to a container ship that ran aground, and tug boats in the canal are now facing difficulties to float the ship.
Brent crude futures were down 2.1 percent to $ 63.08 a barrel, by 05:59 GMT, after jumping 6 percent overnight.
US West Texas Intermediate crude futures fell 2.3 percent to 59.78 dollars a barrel, after rising 5.9 percent overnight.
Prices fell earlier in the week due to concerns about tightening pandemic restrictions in Europe and delaying the distribution of vaccines, which disrupts the growth of demand for fuel, but they reversed course strongly on Wednesday due to news of a ship stranding in the Suez Canal, which could impede the course of ten tankers carrying 13 million barrels. Of oil.
Ten ships in five areas are waiting to pass through the 200-kilometer-long canal, as more of the area approaches.
Forgiveness Al-Khalidi
[You must be registered and logged in to see this link.]
{Economic: Al Furat News} Oil prices fell, today, Thursday, as the new isolation measures aimed at combating the Corona virus revived concerns about the demand for oil products.
Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. [You must be registered and logged in to see this link.]
The landing came despite the disruption of navigation in the Suez Canal due to a container ship that ran aground, and tug boats in the canal are now facing difficulties to float the ship.
Brent crude futures were down 2.1 percent to $ 63.08 a barrel, by 05:59 GMT, after jumping 6 percent overnight.
US West Texas Intermediate crude futures fell 2.3 percent to 59.78 dollars a barrel, after rising 5.9 percent overnight.
Prices fell earlier in the week due to concerns about tightening pandemic restrictions in Europe and delaying the distribution of vaccines, which disrupts the growth of demand for fuel, but they reversed course strongly on Wednesday due to news of a ship stranding in the Suez Canal, which could impede the course of ten tankers carrying 13 million barrels. Of oil.
Ten ships in five areas are waiting to pass through the 200-kilometer-long canal, as more of the area approaches.
Forgiveness Al-Khalidi
[You must be registered and logged in to see this link.]
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