The global price of oil today, 10 December; Brent was 74 dollars and 23 cents
reported by Mehr News Agency, citing Reuters, the price of oil has not changed much in trading on Monday and on the eve of the New Year. Traders are waiting for economic data from China and the United States to check the growth of the economy in the world’s largest oil consumers.
The price of a barrel of Brent North Sea oil today increased by 6 cents equal to 0.08% to 74 dollars and 23 The tradition arrived. The oil West Texas Intermediate also increased by 2 cents equal to 0.03% to $70 and 62 cents are traded.
The report of a larger-than-expected decline in US crude oil inventories in the week ending December 20 boosted the price of both of these oil indices by about 1.4% last week. American refineries have increased their activity and the demand for fuel has increased during the holiday season.
Optimism regarding the growth of China’s economy in the next year has also supported the price of oil. In this way, the demand from the largest importer of crude oil in the world increases.
Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) of special bonds to revive their economy in 2025.
In addition, the World Bank increased its forecast for the growth of China’s economy in 2024 and 2025, but warned that the weak confidence of families and businesses and problems in the housing sector will make China’s economy slow next year. It faces a challenge.
In Europe, hopes for a new contract for the transmission of Russian gas through Ukraine have vanished. Russian President Vladimir Putin said on Thursday that there is no time to sign a new agreement this year.
