Friday, February 3, 2023

Brent and Texas Oil prices per barrel today, 19 December: how much is it and how much is it being traded?

After closing marginally lower last week, On this December 19 morning, oil is relatively stable.

Monday for Brent and West Texas Intermediate (WTI) futures registered marginal gains of less than one per cent, So with respect to the figures ending Friday, December 16th, They are stable.

having said that, Black gold has been struggling to get back above $80 a barrel after falling heavily last week. Energy market performance is a result of Pessimism about the economic recovery of China, the largest oil importer globally.

Despite relaxing the zero COVID-19 policy, What is certain is that the prospects for economic reform in Beijing are slim, which has negatively impacted oil prices. However, the country calls for patience, as it has assured The reopening of the economy will eventually increase the demand for fuel.

Regarding the situation in the United States, The Department of Energy announced that it would begin buying back barrels of its energy reserve.being done The first buyback program since the country released 180 million barrels that aims to join fuel prices,

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Brent and Texas Oil Barrel Prices Today, December 19: How much is it worth and how much is it trading for?

As per the latest update of oil price chartRenowned website with over 150 oil indices and blends, A barrel of Brent crude for this Monday, December 19, is trading at $80.14, while WTI is at $75.62.

prices of both references up less than one percent from last week’s closewhen Brent was trading at $79.04 and the US counterpart, West Texas Intermediate at $74.29.

Nation World News Desk
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