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Fall of gold price / relative stability of oil price in the energy market

The price of gold witnessed a downward trend in today's transactions of the precious metals market.

According to Webangah News quoted by Mehr News Agency, according to the Reuters news agency, the decrease in demand in the oil market neutralized the decision of the OPEC+ oil cartel to continue reducing supply in the coming year and caused the price of oil to fall. take.

Accordingly, North Sea Brent oil was traded at $72 per barrel, down 9 cents. The price of West Texas Intermediate oil also decreased by 4 cents and reached 68 dollars and 27 cents per barrel.

Energy market analysts say that OPEC+’s decision to extend oil supply cuts will cause the daily market deficit to reach 500,000 barrels per day in 2025. However, now the market did not react much to this issue.

In the precious metals market, the price of gold decreased by 23 dollars, experienced a fall of 0.9% and was traded at 2,628 dollars per ounce. . Each ounce of silver decreased by 14 cents to 31 dollars and 22 cents.

 

© Webangah News Hub has translated this news from the source of Mehr News Agency
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