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[size=35][size=35]Oil prices... Brent is down, and West Texas is down to $80[/size]
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2022-12-01 | 00:44
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Alsumaria News - Economy
Brent crude futures fell 26 cents, or 0.30%, to $86.71 a barrel by 04:10 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 fell 16 cents, or 0.20%, to $80.39.
Oil prices fell 1.5% for the week as the recession soured and Chinese business activity contracted further in November, official [url=https://www.alsumaria.tv/Entity/120144/%D9%85%D8%A4%D8%B4%D8%B1 %D9%85%D8%AF%D9%8A%D8%B1%D9%8A %D8%A7%D9%84%D9%85%D8%B4%D8%AA%D8%B1%D9%8A%D8%A7%D8%AA/ar/]PMI[/url] data showed on Wednesday, adding to worries about the year ahead.
However, the supply of crude oil remained tight, which limited losses significantly.
US crude oil inventories fell by about 13 million barrels, the most since 2019, in the week ending November 25, according to the [url=https://www.alsumaria.tv/Entity/1623929112/%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9 %D9%85%D8%B9%D9%84%D9%88%D9%85%D8%A7%D8%AA %D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9/ar/]Energy Information Administration[/url]. However, the [url=https://www.alsumaria.tv/Entity/1623929112/%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9 %D9%85%D8%B9%D9%84%D9%88%D9%85%D8%A7%D8%AA %D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9/ar/]Energy Information Administration[/url] said that US production of crude oil exceeded 12 million barrels per day, which is The highest level since before the onset of the [url=https://www.alsumaria.tv/Entity/127576/%D8%A7%D9%84%D9%85%D8%AC%D9%84%D8%B3 %D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%8A %D9%84%D9%84%D9%85%D9%84%D8%A7%D9%83%D9%85%D8%A9/ar/]coronavirus[/url] pandemic.
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Economie
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2022-12-01 | 00:44
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627 views
Alsumaria News - Economy
Oil prices fell in early Asian trading today, Thursday, driven by the contraction of the Chinese economy.
Brent crude futures fell 26 cents, or 0.30%, to $86.71 a barrel by 04:10 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 fell 16 cents, or 0.20%, to $80.39.
Oil prices fell 1.5% for the week as the recession soured and Chinese business activity contracted further in November, official [url=https://www.alsumaria.tv/Entity/120144/%D9%85%D8%A4%D8%B4%D8%B1 %D9%85%D8%AF%D9%8A%D8%B1%D9%8A %D8%A7%D9%84%D9%85%D8%B4%D8%AA%D8%B1%D9%8A%D8%A7%D8%AA/ar/]PMI[/url] data showed on Wednesday, adding to worries about the year ahead.
However, the supply of crude oil remained tight, which limited losses significantly.
US crude oil inventories fell by about 13 million barrels, the most since 2019, in the week ending November 25, according to the [url=https://www.alsumaria.tv/Entity/1623929112/%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9 %D9%85%D8%B9%D9%84%D9%88%D9%85%D8%A7%D8%AA %D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9/ar/]Energy Information Administration[/url]. However, the [url=https://www.alsumaria.tv/Entity/1623929112/%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9 %D9%85%D8%B9%D9%84%D9%88%D9%85%D8%A7%D8%AA %D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9/ar/]Energy Information Administration[/url] said that US production of crude oil exceeded 12 million barrels per day, which is The highest level since before the onset of the [url=https://www.alsumaria.tv/Entity/127576/%D8%A7%D9%84%D9%85%D8%AC%D9%84%D8%B3 %D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%8A %D9%84%D9%84%D9%85%D9%84%D8%A7%D9%83%D9%85%D8%A9/ar/]coronavirus[/url] pandemic.
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