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[size=35][size=35]Oil continues its losses[/size]
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2022-07-21 | 04:08
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Alsumaria News - Economy
By 0618 GMT, Brent crude futures fell 33 cents, or 0.3 percent, to $106.59 a barrel, after falling 0.4 percent in the previous session.
West [url=https://www.alsumaria.tv/Entity/2861960649/%D8%AA%D9%83%D8%B3%D8%A7%D8%B3 %D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7%D8%A9/ar/]Texas Intermediate[/url] crude futures were down 48 cents, or 0.5%, at $99.40 a barrel, after falling 1.9% on Wednesday.
Oil prices remained volatile after traders were forced to prepare for a larger drop in global supplies due to the absence of Russian oil from the markets after [You must be registered and logged in to see this link.]'s invasion of [You must be registered and logged in to see this link.], as well as fears of a recession that could weaken energy demand.
And government data revealed on Wednesday that US gasoline stocks increased by 3.5 million barrels last week, sharply exceeding analysts' expectations in a [You must be registered and logged in to see this link.] poll of an increase of 71 thousand barrels.
Concerns about Libyan supplies eased after the [url=https://www.alsumaria.tv/Entity/2079649370/%D8%A7%D9%84%D9%85%D8%A4%D8%B3%D8%B3%D8%A9 %D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A%D8%A9 %D9%84%D9%84%D9%86%D9%81%D8%B7/ar/]National Oil Corporation[/url] announced yesterday, Wednesday, the resumption of production in several oil fields after the lifting of force majeure on oil exports last week.
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Economie
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2022-07-21 | 04:08
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[/size]
459 views
Alsumaria News - Economy
Oil prices fell for the second session in a row, today, Thursday, as the impact of demand concerns outweighed concerns about the lack of global supplies after US government data revealed weak gasoline consumption in the peak summer travel season.
By 0618 GMT, Brent crude futures fell 33 cents, or 0.3 percent, to $106.59 a barrel, after falling 0.4 percent in the previous session.
West [url=https://www.alsumaria.tv/Entity/2861960649/%D8%AA%D9%83%D8%B3%D8%A7%D8%B3 %D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7%D8%A9/ar/]Texas Intermediate[/url] crude futures were down 48 cents, or 0.5%, at $99.40 a barrel, after falling 1.9% on Wednesday.
Oil prices remained volatile after traders were forced to prepare for a larger drop in global supplies due to the absence of Russian oil from the markets after [You must be registered and logged in to see this link.]'s invasion of [You must be registered and logged in to see this link.], as well as fears of a recession that could weaken energy demand.
And government data revealed on Wednesday that US gasoline stocks increased by 3.5 million barrels last week, sharply exceeding analysts' expectations in a [You must be registered and logged in to see this link.] poll of an increase of 71 thousand barrels.
Concerns about Libyan supplies eased after the [url=https://www.alsumaria.tv/Entity/2079649370/%D8%A7%D9%84%D9%85%D8%A4%D8%B3%D8%B3%D8%A9 %D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A%D8%A9 %D9%84%D9%84%D9%86%D9%81%D8%B7/ar/]National Oil Corporation[/url] announced yesterday, Wednesday, the resumption of production in several oil fields after the lifting of force majeure on oil exports last week.
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