The global price of oil today, July 15; Brent was 87 dollars and 14 cents
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The price of a barrel of Brent North Sea oil today decreased by 29 cents, equivalent to 0.33%, to 87 dollars and 14 The tradition arrived. The oil West Texas Intermediate of the United States also decreased by 18 cents equal to 0.21% to 83 dollars and 70 cents is traded.
The expectation of a significant increase in demand in the summer season in America, as the world’s largest oil consumer, has raised its price this week.
The US Energy Information Administration announced that the country’s oil reserves fell by 12.2 million barrels last week, while analysts expected a decrease of 700,000 barrels.
American economic information on Wednesday showed that the demand for unemployment benefits in this country has increased over the past week and the unemployment rate has also increased. In this way, the possibility of lowering the interest rate of the US Federal Reserve increases to support the oil markets.
In terms of supply, oil production companies Rosenft and Lukoil Russia announced that they will drastically reduce their oil exports through the Novorisk port in the Black Sea in July.
Meanwhile, Saudi Arabia’s Aramco announced the official price of selling Arab light oil to the Asian market in August down to 1 dollar and 80 cents per barrel above the average of the Oman / Dubai index, which shows the pressure of the supply growth of non-OPEC countries on the producers of this group.
Analysts also follow the events related to the Gaza war and the French and British elections.
