oil start session with Slight climb.
For this Tuesday, December 20, Brent and West Texas Intermediate (WTI) futures moved marginally higher compared to the data recorded yesterday, 19 December. Although, Gains were limited, so prices rose less than one percent.
black gold performance results weak dollar, With all Plan of America To replenish its strategic reserves and the uncertainty of the economic recovery in China.
in the American Federation, The Energy Department has announced it will begin buying back barrels of its energy reserve, the first buyback program since launching the nation’s 180 million barrels intended to control gasoline prices., about the weakness of the dollar, It supports crude oil prices, as it makes oil cheaper for holders of other currencies.
profit on oil contracts They were limited by uncertainty about the impact of the zero COVID-19 policy in China, the biggest importer of crude oil globally. Despite the fact that the nation has eased measures, The fact that an economic recovery is far away has fueled fears of a possible global recession.
“oil prices they can go up since we hope Physical market continues to adjust due to tight supply and strong global demand, Qatari bank note qnb In a note, collected by Economist.
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Brent and Texas Oil prices per barrel today, 20 December: How much is it and how much is it being traded?
As per the latest update of oil price chart – Famous website with over 150 oil indices and blends – A barrel of Brent crude for this Tuesday, December 20, is trading at $80.35, while the US counterpart, West Texas Intermediate, is trading at $75.79.