The rising trend of gold price/oil price has stabilized
According to Webangah News quoted by Mehr News Agency, citing Al Jazeera, while the fall of the central government in Syria and continued unrest in the Middle East could have led to an increase in the price of oil in the world market, the release of statistical data about the decrease in demand from China as the world’s largest importer of crude oil This neutralized the issue and fueled the stability of oil prices in today’s deals.
Accordingly, North Sea Brent oil decreased by one cent to $71 and 11 Cents per barrel were traded. The price of Texas WestIntermediate oil also decreased by the same amount, to 67 dollars and 21 cents. reached in each barrel.
The members of the OPEC+ oil cartel extended the reduction in production supply for the first 3 months of 2025 in their meeting on Thursday. However, a slowdown in demand from China is now weighing on the market. At the same time, the current events in the Middle East have intensified concerns about the escalation of instabilities in this region.
In the precious metals market, gold was traded at 2,645 dollars and 36 cents per ounce, with an increase of 6 dollars and 70 cents. The price of silver also increased slightly, reaching 31 dollars and 22 cents per ounce.
