The world price of oil today, August 17; Brent was 76 dollars and 46 cents
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The price of a barrel of Brent North Sea oil today decreased by 2 cents equal to 0.03% to 76 dollars and 46 The tradition arrived. Texas Intermediate oil West also decreased by 3 cents equal to 0.04% to $73 and It is traded at 17 cents. The statistics of the American Petroleum Institute show that the reserves of crude oil, gasoline and gas condensate in this country have increased in the last week, and thus the price of both of these oil indices has decreased. Both Brent oil and American oil increased in price yesterday.
The American Petroleum Institute announced that the country’s crude oil reserves increased by 176,000 barrels in the week ending in the second month of August Meanwhile, Reuters analysts expected a decrease of 700,000 barrels, and the country’s gasoline reserves increased by 3.313 million barrels, while a decrease of 1 million barrels was expected. The report of the US Energy Information Administration on the country’s oil reserves will be published today.
The price of Brent oil on Monday fell to the lowest level since early January and the price of US oil to the lowest level since February. had decreased The increase in concern about the possible recession of the American economy as the world’s largest oil consumer was one of the factors of this price reduction.
The US Energy Information Administration announced on Tuesday that global oil reserves decreased by about 400,000 barrels per day in the first half of this year. This department predicts that global reserves will decrease by about 800,000 barrels per day in the second half of the year.
