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Brent and Texas Oil Barrel Prices Today, December 13: How much is it worth and how much is it trading for?

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For the morning of this Tuesday, December 13th, Brent and West Texas Intermediate (WTI) crude futures were up about 3 per cent. Compared to figures recorded the day before, Monday, December 12.

Increase in contracts of both the benchmarks It is the result of various factors of economic condition, In form of Kovid-19 restrictions eased in China, What is that Largest oil importer in the world, anymore, The apprehension of a fall in demand has waned.

Other factors that have influenced the rise in oil prices there are blockages in the pipeline main principle of TC Energy in the United States, equal connects to refineries in the Gulf of American Federation with Canadian territories. also threatened Lower production in Russia also weighed on black gold prices.

Last Monday, December 5th, G7 countries impose price cap of $60 on Russian fuel as a result of invasion of Ukraine, which happened at the end of February this year. If it is given, Moscow threatened reduced oil production, which could imbalance supply and demand.

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Brent and Texas Oil Barrel Prices Today, December 13: How much is it worth and how much is it trading for?

As per latest update of oil price chartSite with over 150 global oil indices and blends, A barrel of Brent crude for this Tuesday, December 13, is at $80.78, while West Texas Intermediate is trading at $75.69.

both contracts up about three percent from the previous day, when Brent traded at $77.71 and the US counterpart, WTI, at $72.92.

Nation World News Desk
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