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[size=35][size=35]Oil prices are falling again[/size]
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2022-06-27 | 02:20
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Brent crude futures fell $1.42, or 1.3 percent, to $111.70 a barrel by 00:10 GMT, after rising 2.8 percent on Friday.
The price of US West Texas Intermediate crude reached 106.08 dollars a barrel, down 1.54 dollars, or 1.4 percent, after rising by 3.2 percent in the previous session.
And contracts for the two crudes recorded their second weekly decline last week, with the rise in interest rates in the major economies strengthening the dollar and raising fears of a recession.
However, oil prices remained well supported above $100 a barrel as the supply of crude and petroleum products remained tight due to Western sanctions on Russian oil.
Group of Seven leaders are expected this week to discuss options to tackle rising energy prices, substituting Russian oil and gas imports, as well as imposing more sanctions that do not exacerbate inflation.
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Economie
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2022-06-27 | 02:20
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Oil prices fell more than $1 a barrel on Monday, after global economic concerns slashed the outlook for oil demand as investors focused on this week's Group of Seven meeting, due to possible action on Russian oil exports and a revival of the Iran nuclear deal.
Brent crude futures fell $1.42, or 1.3 percent, to $111.70 a barrel by 00:10 GMT, after rising 2.8 percent on Friday.
The price of US West Texas Intermediate crude reached 106.08 dollars a barrel, down 1.54 dollars, or 1.4 percent, after rising by 3.2 percent in the previous session.
And contracts for the two crudes recorded their second weekly decline last week, with the rise in interest rates in the major economies strengthening the dollar and raising fears of a recession.
However, oil prices remained well supported above $100 a barrel as the supply of crude and petroleum products remained tight due to Western sanctions on Russian oil.
Group of Seven leaders are expected this week to discuss options to tackle rising energy prices, substituting Russian oil and gas imports, as well as imposing more sanctions that do not exacerbate inflation.
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