Decrease in the price of oil in the world market
report Mehr News Agency, according to the Reuters news agency, the price of oil in the world market witnessed a downward trend once again in the midst of the increase in the production of the OPEC+ oil cartel, along with the decrease in demand from China and the United States.
Accordingly, North Sea Brent oil decreased by 57 cents to $76 and 36 Cents per barrel were traded. The price of Texas WestIntermediate oil also decreased by 50 cents to 73 dollars and 5 cents. receipt.
This price reduction comes after the 8 member producers of the OPEC+ oil cartel according to The program Rizi s increased their production in October by 180 thousand barrels per day.
On the other hand, economic indicators in China, as the largest importer of black gold, show that the demand of the world’s second largest economy for crude oil has decreased.
Analysts of the energy market say that political factors, including the war in Gaza and Ukraine, still affect the price of oil in the market. Therefore, the escalation of tensions in the Middle East or the reaching of a peace agreement and the establishment of a ceasefire in Gaza can affect the price of black gold differently.
