Lower oil prices in today’s transactions
reported by Mehr Reporter quoted by Bloomberg, in today’s trading of the global energy market, the price of Brent oil decreased by 28 cents, and each barrel of this oil is selling at $74.89.
The price of American oil also decreased by 38 cents and is now sold at $71.18.
According to the official website of the Organization of Petroleum Exporting Countries, OPEC, each barrel of oil produced by this organization was sold at 74.44 dollars in the last recorded exchanges.
According to Reuters, while today we saw a drop in oil prices, yesterday due to rising tensions in the Middle East and China’s decision to implement an economic stimulus package, we saw a 2% increase in oil prices. .
The reason for today’s drop in oil prices was this economic stimulus package because some experts believe that this package is not enough to lead to a significant increase in oil demand in this country. .