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The price of oil is fluctuating/Brent was 79 dollars and 4 cents

Although the price of oil has decreased, it is on the verge of a second weekly increase; Investors are weighing possible disruptions to Middle East oil supplies and the impact of Hurricane Milton on fuel demand in Florida.

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The price of a barrel of Brent North Sea oil today decreased by 36 cents, equivalent to 0.45%, to 79 dollars and 4 The tradition arrived. Texas Intermediate oil West also decreased by 29 cents, equivalent to 0.38%, to $75 and 56 cents are traded.

Both of these oil indices increased by more than 1% in the last week.

The price of oil indices has increased this month after Iran’s missile attack.

The Persian Gulf countries are consulting with Washington to prevent the Zionist regime from attacking Iran’s oil facilities, because they are worried that Tehran’s allies will target their oil facilities.

Hurricane Milton has also affected oil prices. This storm has reached the Atlantic Ocean after causing extensive damage in Florida.

Florida is facing a gasoline shortage, and about a quarter of the state’s 7,912 gas stations are without fuel. Fuel consumption in Florida appears to have decreased after the storm.

Florida is the third largest gasoline consuming state in America, but there are no refineries in the cause. Therefore, it is completely dependent on sea imports.

In terms of supply, the Libyan National Oil Company announced on Friday that it has increased its oil production to the level before the central bank crisis and has a production of 1.25 million barrels per day.

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© Webangah News Hub has translated this news from the source of Mehr News Agency
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