The world price of oil today, December 13; Brent was 71 dollars and 76 cents

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The price of a barrel of Brent North Sea oil today decreased by 7 cents equal to 9.10% to 71 dollars and 76 The tradition arrived. US West Texas Intermediate oil decreased by 13 cents equal to 0.19% to 67 dollars and 97 cents is traded.

Some OPEC+ sources say that this alliance will continue its production reduction plan until the end of the first quarter of next year. The OPEC+ alliance, which is made up of the Organization of the Petroleum Exporting Countries and its allies, including Russia, planned to gradually increase its production from the beginning of 2025, but the prospect of oversupply has affected oil prices.

Researchers and analysts believe that the demand for oil in China will reach its peak in the next year and then decrease. Thus, the gap between demand and supply will increase.

Saudi Arabia is expected to reduce the official price of selling its crude oil to Asian buyers to the lowest figure in the last 4 years.

concern about the stoppage of the US Federal Reserve’s interest rate reduction process in the December meeting has also prevented oil prices from rising. And the positive effects of the news from China have been neutralized. The index of purchasing managers in China has reached the highest figure in the last 7 months in November.

Oil prices on both sides of the Atlantic Ocean fell by more than 3% last week.

Christopher Waller, a member of the board of the US Federal Reserve whose opinions often determine the country’s monetary policies, on Monday He said he supports another interest rate cut this month. But Rafael Bastic, the head of the Atlanta Federal Reserve, believes that employment data should be carefully examined before deciding to cut interest rates.

In the Middle East, it seems that the ceasefire between the Zionist regime and Lebanon’s Hezbollah has been broken as several people were killed in the regime’s air attack on southern Lebanon.