the oil rise.
Although the energy markets do not register their operations on the weekends, It doesn’t hurt to know the latest twists about the future petroleum Brent and US Equivalent, West Texas Intermediate (WTI, for its English acronym).
Both are registered A little over four percent increase After it was revealed There is a possibility that China will ease some of its restrictions against the Corona virus, Because the state is implementing The policy of not spreading the virus has had a negative impact on its economy.
He added that this, Another major factor driving up oil prices is the imminent European Union embargo on Russian oilwhich will end up affecting the supply, thus, Raw material prices.
however, Oil gains were limited by fears of a possible global recession as well as US Federal Reserve interest rate hike (Feed it).
Since a week, Federal Reserve Chairman Jerome Powell announced a 75 basis point increase in interest rates for the current month of November, Arguing that it is still “too early” Consider reducing the rise in the reference rate.
The price of a barrel of Brent and Texas oil today, November 6: How much does it cost and how much does it cost?
With the market closed and according to the latest update of oil price charts, A website with more than 150 indicators and oil mixtures, for Sunday, November 6, Brent crude recorded a rise of 4.12%, which is equivalent to a rise of $3.90. at the same time West Texas Intermediate crude rose 5.04 percent, equaling an increase of $4.4.
I have said that, Brent is trading at $98.57, at the same time West Texas Intermediate price is $92.61.
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