The price of oil decreased
According to Mehr News Agency to According to Reuters, the price of black gold witnessed a downward trend in today’s energy market transactions after the publication of reports about the possibility of the end of conflicts in the Middle East.
Accordingly, North Sea Brent oil was traded down 39 cents to $71 and 3 cents per barrel. The price of Texas Intermediate West oil also decreased by 33 cents, reaching $67 and 5 cents per barrel.
At the beginning of this week’s trading, due to the limited attack of the Zionist regime against the large-scale attack of Iran, the market witnessed a free fall in oil prices. Even now, when there are whispers about a ceasefire in the Middle East conflicts, the market sees a downward trend in the price.
On the other hand, the energy market is now monitoring the statistical data related to the Chinese economy. China, as the largest importer of crude oil in the world, is now facing a decline in demand, which has affected the energy market.
