The price of oil decreased by 3 dollars
According to Webangah News quoted by Mehr News Agency, according to Reuters, after Iran’s oil and nuclear facilities were not targeted in the Zionist regime’s retaliatory action against Tehran and the energy supply in the global markets was not disrupted, and as a result tensions in In the Middle East, the price of oil decreased by more than 3 dollars per barrel in the transactions on Monday (7th of November).
The price of the North Sea crude oil futures index Brent on Monday until 5:14 Greenwich time, it decreased by 3 dollars and 46 cents or 4.6% to 72 dollars and 59 cents per barrel.
Meanwhile, the West Texas Intermediate crude oil Intermediate US (WTI) traded down $3.37 cents, or 4.7%, at $68.41 per barrel on Monday.
The price of both types of crude oil futures had reached the lowest level since October 1 (Tuesday, October 10) in early trading on Monday.
Due to the ambiguity in the extent of the action of the Zionist regime against Iran and the American presidential elections next month, the price Both oil indices increased by 4% in volatile trades last week.
Saul Kaunik, an energy analyst at MST Markey in Sydney said: “The more limited measures and not targeting the oil infrastructure have raised hopes for a reduction in tensions and as a result caused To reduce the risk of a few dollars per barrel.
Vivek Dar, an analyst at the Commonwealth Bank of Australia, predicted that the market’s focus on the ceasefire negotiations between Hamas and the Zionist regime have been targeted.
Analysts of Citi Bank of America headed by Leighton also stated in a note that this bank has revised its forecast for the price of Brent In the next three months, it decreased from $74 to $70 per barrel and took into account less risk in the short term.
Tim Evans, an analyst at Evans Energy Company in America, also said in a note: We predict that this issue will cause the market to be valued at least to a certain extent below the real value, while There are also risks such as the possibility of postponing the oil production increase program of OPEC+ members after December.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC Plus) did not change their oil production policy in October, which includes members’ plans to start increasing production from December. will be Producers who are members of this coalition will hold a meeting on December 1 (Sunday, December 11) before the full meeting of OPEC Plus.
