The world price of oil today, August 22; The price of Brent oil went up
According to Mehr reporter, quoted by Reuters, the price of oil increased for the fifth consecutive day on Monday. The fear of the recession of the American economy has calmed down and the geopolitical tensions in the Middle East support the price of oil.
The price of a barrel of Brent North Sea oil today increased by 21 cents, equivalent to 0.26%, to $79. And it reached 87 cents. Texas West oil Intermediate also increased by 36 cents, equivalent to 0.47%, to 77 Dollars and 20 cents are traded.
The better-than-expected US economic data released last week has calmed fears of a recession in the country. On the other hand, there is a lot of concern about the timing of Iran’s retaliatory attack on the Zionist regime for the assassination of the leader of Hamas in this country. Iran and Hezbollah have promised to retaliate for the assassination of the leader of Hamas and the military commander of Hezbollah.
Furthermore, the Israeli attack on Gaza intensified on Saturday with an air attack on a school and the martyrdom of at least 100 people. With these conditions, it is not clear that Hamas will participate in the new negotiations regarding the ceasefire.
Brent oil more than 3.5% and American oil more than 4% last week price increase had The positive economic information of the United States and the rising hope for the reduction of interest rates by the Federal Reserve of this country supported the price of oil.
Three US central bank officials announced last week that inflation has decreased enough to lower interest rates, and that interest rates could be lowered in September.
