Oil price decreased/Brent 74 dollars and 6 cents

According toMehr News Agency to According to Reuters, the price of oil decreased on Tuesday and compensated for the two percent price increase of the previous day. America has resumed efforts for a ceasefire in the Middle East and weak demand growth in China, as the world’s largest oil importer, continues to affect the market.

The price of a barrel of Brent North Sea oil today decreased by 23 cents equal to 0.31% to 74 dollars and 6 cents. US West Texas Intermediate oil is traded at 21 cents, equivalent to 0.30%, down $70 and 35 cents.

Both of these oil indices increased by about 2% in the previous day, while they ended the previous week with a 7% decrease in price.