The global price of oil today, November 11; Brent was 74 dollars and 21 cents
reported Mehr news agency quoted Reuters, the price of oil increased by more than one dollar per barrel on Friday, compensating for the decrease in last week’s price. Geopolitical tensions in the Middle East have increased following the report that Iran is preparing to attack the Zionist regime.
The price of a barrel of Brent North Sea oil today increased to 74 with 1 dollar and 40 cents equivalent to 1.92%. Dollar and 21 cents arrived. Texas WestIntermediate oil also increased by 1 dollar and 44 cents, equivalent to 2.08%. 70 dollars and 70 cents are traded.
The intelligence forces of the Zionist regime have announced that Iran will prepare to attack the occupied territories of Iraq in the coming days, and this will probably happen before the American presidential election on November 5th. It is expected that this attack will be carried out from Iraq using a large number of drones and ballistic missiles.
Another factor in the rise in oil prices was the expectation of the postponement of the OPEC+ production increase plan in December. According to some sources, one of the reasons for this decision was the concern about the weak demand for oil and the increase in supply. The final decision on the plan to reduce or increase OPEC+ production will be taken at next week’s meeting.
But the price of both of these oil indices has decreased by more than one percent in the past week, which can be attributed to the fact that Iran’s nuclear and oil facilities were not targeted by the Zionist regime in the 26 attack. October Dunst. Many analysts believe that the result of the US presidential election and the details of the country’s fiscal stimulus can affect the price of US oil.
In China, factory output rose in October for the first time in six months. Beijing’s new fiscal stimulus seems to have worked.
U.S. gasoline inventories unexpectedly fell last week to the lowest level in two years. According to the report of the US Energy Information Administration, the country’s crude oil reserves have also decreased significantly because imports have dropped.
The agency announced that the largest oil producer in the world produced 13.4 million barrels of oil per day in the month of August is.
