World Oil Prices Today Oil continues to decline
reports Mehr News Agency , oil prices have fallen on Friday’s trading, one day after Donald Trump OPEC and Saudi Arabia put pressure to lower prices to increase crude oil production.
Price per barrel of oil Brent North Sea today with 2 cents equivalent to $ 5.5 % to $ 1 and 2 Sunnah arrived. Oil West Texas Intermediate US with 2 cents of $ 1.5 % reduction of $ 1 and $ 1. 2 cents traded.
Trump speech on Thursday at the World Economic Forum at Davos said the Oil Exporting Countries Organization wants the cost of barrels Bring down crude oil.
He also said Riyadh wants to increase US investment package to $ 1 trillion, more than $ 5 billion that Saudi news media had announced.
Trump’s duties policy and the possibility of increasing US oil production have affected the prices of crude oil futures.
The US Energy Intelligence Bureau announced last week that its crude oil reserves have reached its lowest level since March. This news prevented more oil prices from falling.
, according to the report, US crude oil reserves dropped by 5 million barrels per week to January 6, reaching 3.7 million barrels, the seventh consecutive weekly decline.
