Decrease in the price of oil in the world market

According to Mehr reporter, quoted by Bloomberg, the price of Brent North Sea oil decreased by 47 cents in the trading of the global energy market last hours. found and reached 85 dollars and 24 cents per barrel.

The price of West Texas Intermediate oil fell 56 cents and is now trading at $80 and 73 cents per barrel.

According to Reuters, the reason for the drop in oil prices in recent transactions was concerns about the impact of the increase in the value of the dollar on the demand for oil in the world market. Of course, in this direction, the publication of negative economic news has not had an effect on the situation of some countries in the world.

At the same time, we are witnessing a decrease in the price of oil, while at the same time there are signs of increasing oil demand in the United States, and also
the stored oil reserves of this country are also decreasing.

Despite the recent drop in Brent and US oil prices, both of them ended last week with an increase of about 3%. The price of oil increased by 4% the previous week.