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Global oil price declined

The global price of crude oil declined following increased US oil storage and concerns about US customs tariffs.

reports Mehr News Agency According to the Ministry of Petroleum, oil prices, which had been rising in the past few days, declined today.

Oil prices in the world markets had been staring at last week and even tended to decline, but after Donald Trump President US has raised threats, this trend has declined to increase the desire.

However, oil prices on Wednesday (February 7th) are following the US Oil Institute’s report on increasing US crude oil storage and influencing US customs tariffs on psychological situation. The market declined, while the margins of profit higher refinery restricted the decline.

crude oil price index Brent North Sea up to 1 and 2 minutes Greenwich time with 2 cents or three tenths The percentage of dropped to $ 2 and 2 cents per barrel.

, however, the crude oil index Dabloti II with 2 cents or four-tenths of a percent decrease, $ 2 and 2 percent. Tradition for each barrel.

This decrease in two indicators from an increasing rail for Brent and 4.7 percent for Dabloti has been out over the past three days.

sources on Tuesday (February 6th) quoted US Oil Institute as saying: US crude oil storage, the largest manufacturer Span> and the world’s oil consumer increase by 6 million barrels in the week ending February 7 (Friday, February 2).

The US Oil Institute data shows that gasoline storage has decreased by 5 million barrels and distilled product storage has decreased by 4,000 barrels.

 

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