The world price of oil on November 18; Brent was 75 dollars and 15 cents
reported by Mehr News Agency, according to Reuters, oil prices fell on Friday as the risk of US oil and gas production being affected by the hurricane in the Gulf of Mexico decreased and the market was assessing the impact of Donald Trump’s policies. It depends on the supply of oil.
The price of a barrel of Brent North Sea oil today decreased by 48 cents, equivalent to 0.63%, to 75 dollars and 15 The tradition arrived. The oil West Texas Intermediate also decreased by 56 cents, equivalent to 0.77%, to $71 and It is traded for 80 cents.
Brent oil increased by 3.1% and American oil by 4.1% in the last week.
The American National Hurricane Center announced that Hurricane Rafael, which caused the production of 391,214 barrels per day of oil to stop in this country, is expected to slowly move west and leave the Gulf of Mexico behind.
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The possibility of tougher oil sanctions against Iran and Venezuela with Trump’s inauguration caused a significant increase in oil prices on Thursday. But the increase in the value of the dollar and the decrease in China’s crude oil exports stopped the increase in oil prices.
The rising value of the dollar makes buying oil more expensive for holders of other world currencies and affects its price.
The publication of reports that China’s crude oil imports decreased by 9 percent in October, as the world’s largest oil importer, has also put pressure on oil prices.
