Today, December 20; The price of Brent oil decreased by 25 cents
According to Mehr News Agency to According to Reuters, oil prices fell in the first hours of trading on Tuesday, but the increase in geopolitical risks after the fall of Bashar al-Assad’s government in Syria, as well as the Chinese government’s promise to increase fiscal stimulus to boost the economy prevented the price from falling too much. oil It will be.
The price of a barrel of Brent North Sea oil today decreased by 25 cents, equivalent to 0.35%, to 71 dollars and 89 cents. US Texas Intermediate West oil is trading at 68 dollars and 9 cents with 28 cents, equivalent to 0.41% decrease.
It is true that Syria itself is not one of the big oil producers, but it is placed in a strategic position and has strong relations with Russia and Iran. Therefore, regime change in this country increases regional instability.
The report of adopting an easy fiscal policy in China next year has been another factor behind the recent increase in oil prices. The purpose of this policy change in China is to strengthen economic growth in the second largest oil importer in the world.
While consumer inflation in China fell to a five-month low in November, easing investor sentiment, analysts expect China’s fiscal stimulus to favor oil and boost its price.
Traders are currently awaiting China’s trade data, which is scheduled to be released today, as well as the American Petroleum Institute’s report on the country’s crude oil and gas inventories last week.
