Home business Low oil prices as global supply rises

Low oil prices as global supply rises

Here are the details of this news

Oil prices fell by about 1% when global supply rose and investors feared that oil demand would decline. American crude oil recorded the longest daily loss since 1984.

Brent crude oil fell $ 70 per barrel for the first time since the beginning of April, and dropped almost 20% since the beginning of October, reaching a peak of four years.

Brent crude oil fell by 47 cents, or 0.7 percent, to a price of $ 70.18 per barrel. Crude oil fell about 3.6% in the course of the week and more than 15% this quarter.

US West Texas Intermediate rough futures fell for the 10th day in a row, the longest losing streak since July 1984, according to Reventiv data.

US crude oil fell by 48 cents or 0.8 percent and came to $ 60.19 a barrel after dropping below $ 60 a barrel to a low of eight months.

We thank you, the Arab visitors today, to view our site. If you have questions about this news, lower oil prices when the global offer rises. Let us know or leave a comment below
Source: Harmony newspaper


Must Read

Nylon: the new artificiality

Is nylon not very artificial? Naturally! After all, it's important in fashion today that no animal has to suffer, not the mink,...

The Syracuse basketball has a refurbished player lounge that honors Kelly Seubert

Syracuse, New York - Whenever Joyce visited Hergenhan Syracuse, her first stop was the men's office in Syracuse.Contrary to what you can imagine,...

Pink says she will not post photos of her children after people have criticized her parenting

Singer Pink said she would no longer post photos of her children on social media after she received negative comments about her parenting skills. The...

Facebook makes its first contribution to the browser API: TechCrunch

Facebook today announced that it has made its first major API contribution to Google's Chrome browser. Together with Google, The Facebook team...