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[size=35][size=35]Oil prices are falling back in global markets[/size][/size]
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2022-09-28 | 03:10
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Brent crude futures were also down 91 cents, or 1.05%, at $85.36 a barrel by 04:41 GMT, while US 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 85 cents, or 1.08%, at $77.65 a barrel.
The dollar hit a two-decade high against a basket of currencies on the back of rising Treasury yields. A strong dollar is reducing demand for oil by making it more expensive for buyers who use other currencies.
Asian stock markets fell as rising borrowing costs stoked fears of a global recession, spooking investors into the dollar as a safe haven.
US crude oil inventories rose by 4.2 million barrels for the week ending Sept. 23, while gasoline stocks fell by nearly one million barrels, according to market sources on Tuesday, citing figures from the [url=https://www.alsumaria.tv/Entity/499029507/%D9%85%D8%B9%D9%87%D8%AF %D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84 %D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A/ar/]American Petroleum Institute[/url].
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Economie
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2022-09-28 | 03:10
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672 views
Oil prices fell more than 1% on Wednesday, affected by a stronger US dollar and rising crude inventories that offset support from US production cuts caused by Hurricane Ian.
Brent crude futures were also down 91 cents, or 1.05%, at $85.36 a barrel by 04:41 GMT, while US 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 85 cents, or 1.08%, at $77.65 a barrel.
The dollar hit a two-decade high against a basket of currencies on the back of rising Treasury yields. A strong dollar is reducing demand for oil by making it more expensive for buyers who use other currencies.
Asian stock markets fell as rising borrowing costs stoked fears of a global recession, spooking investors into the dollar as a safe haven.
US crude oil inventories rose by 4.2 million barrels for the week ending Sept. 23, while gasoline stocks fell by nearly one million barrels, according to market sources on Tuesday, citing figures from the [url=https://www.alsumaria.tv/Entity/499029507/%D9%85%D8%B9%D9%87%D8%AF %D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84 %D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A/ar/]American Petroleum Institute[/url].
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