Tuesday, August 9, 2022

6% reduction in the price of crude oil in the world market

The price of oil and petrol in the world market has dropped again by 6% after fluctuations.

According to international media reports, the price of crude oil fluctuated during trading in the market on July 12, after which the price of crude oil fell by 6%.

During trading, the price of Brent 100, WTI reached the level of 97 97 per barrel.

According to economic analysts, some progress in the Russia-Ukraine conflict has led to lower oil prices in the world market, while Moscow’s announcement of resumption of production and increase in crude oil imports has led to lower prices and will continue to do so. There is a possibility of reduction.

Japan has expressed concern over the low price of oil in the global market, but did not rule out a possible price range of 40-60 barrels.

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