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[size=36]The stability of oil prices and Brent, up to $ 64.91 a barrel[/size]
Economie| 08:46 - 30/03/2021
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Follow-up - Mawazine News
Oil prices remained stable, on Tuesday, with the resumption of shipping movement through the Suez Canal.
Brent crude fell 1 cent, or 0.02 percent, to $ 64.91 a barrel.
The price of US West Texas oil rose 3 cents, at $ 61.58 a barrel, after falling 1% in the previous session.
Ships were moving across the Suez Canal again on Tuesday, after tugs re-floated the giant container carrier Evergiven, which had been blocking a narrow section of the pass for about a week, causing a massive accumulation of ships around the waterway.
With the disruption likely to be minimal, the market shifts its focus to next Thursday's meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia in Vienna, known as OPEC +, who will debate whether to keep production curbs that have kept millions of barrels a day off the market to support Pricing, a strategy that has largely succeeded in recent months. Ended 29 / p4
Oil prices remained stable, on Tuesday, with the resumption of shipping movement through the Suez Canal.
Brent crude fell 1 cent, or 0.02 percent, to $ 64.91 a barrel.
The price of US West Texas oil rose 3 cents, at $ 61.58 a barrel, after falling 1% in the previous session.
Ships were moving across the Suez Canal again on Tuesday, after tugs re-floated the giant container carrier Evergiven, which had been blocking a narrow section of the pass for about a week, causing a massive accumulation of ships around the waterway.
With the disruption likely to be minimal, the market shifts its focus to next Thursday's meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia in Vienna, known as OPEC +, who will debate whether to keep production curbs that have kept millions of barrels a day off the market to support Pricing, a strategy that has largely succeeded in recent months. Ended 29 / p4
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