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[size=35][size=35]The decline in world oil prices[/size]
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2021-05-14 | 03:04
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Brent crude futures were down 22 cents, or 0.3%, to $ 66.82 a barrel by 0653 GMT.
West Texas Intermediate futures fell 14 cents, or 0.2%, to $ 63.68 a barrel. Both prices are heading to their first weekly loss in three weeks.
Prices were under pressure as a broader rise in commodity prices, labor shortages and stronger-than-expected US consumer price data this week fueled inflation concerns that could force the Federal Reserve to raise interest rates. Read more
Raising interest rates usually strengthens the US dollar, which in turn puts pressure on oil prices as it makes crude oil more expensive for holders of other currencies.
Today, Friday, India reported 343,144 cases of the new Coronavirus during the past 24 hours, raising the total number of cases to more than 24 million, while deaths from COVID-19 increased by 4,000.
In the United States, President Joe reassured Biden told motorists that fuel supplies should start to return to normal this weekend, even as more petrol stations ran out of petrol across the southeast nearly a week after a cyberattack on the nation's top fuel pipeline. Read more
Colonial Pipeline said late Thursday it had completely restarted its pipeline system and had started deliveries in all of its markets.
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Economie
[You must be registered and logged in to see this link.]2021-05-14 | 03:04
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1,548 views
Today, Friday, oil prices recorded a new decline after dropping about 3% the previous day, as cases of Coronavirus remained high in India, the main oil consumer, and a major fuel pipeline in the United States resumed operations after being closed due to a cyberattack.
Brent crude futures were down 22 cents, or 0.3%, to $ 66.82 a barrel by 0653 GMT.
West Texas Intermediate futures fell 14 cents, or 0.2%, to $ 63.68 a barrel. Both prices are heading to their first weekly loss in three weeks.
Prices were under pressure as a broader rise in commodity prices, labor shortages and stronger-than-expected US consumer price data this week fueled inflation concerns that could force the Federal Reserve to raise interest rates. Read more
Raising interest rates usually strengthens the US dollar, which in turn puts pressure on oil prices as it makes crude oil more expensive for holders of other currencies.
Today, Friday, India reported 343,144 cases of the new Coronavirus during the past 24 hours, raising the total number of cases to more than 24 million, while deaths from COVID-19 increased by 4,000.
In the United States, President Joe reassured Biden told motorists that fuel supplies should start to return to normal this weekend, even as more petrol stations ran out of petrol across the southeast nearly a week after a cyberattack on the nation's top fuel pipeline. Read more
Colonial Pipeline said late Thursday it had completely restarted its pipeline system and had started deliveries in all of its markets.
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