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The decrease in the global price of oil/Brent was 77 dollars and 53 cents

The price of a barrel of Brent North Sea oil today decreased by 9 cents equal to 0.12% to 77 dollars and 53 cents.

reported Mehr News Agency, the price of oil did not change much in the trading on Friday, but it is on the verge of a significant weekly increase. Investors are considering the prospect of expanding the war in the Middle East and disrupting the flow of oil in this region.

The price of a barrel of Brent North Sea oil today decreased by 9 cents equal to 0.12% to 77 dollars and 53 The tradition arrived. Texas Intermediate oil West also decreased by 8 cents equal to 0.11% to $73 and 63 cents are traded.

Both of these oil indices are on the verge of an 8% weekly price increase.

Increasing concern about the possibility of disruption of Middle East oil supply along with optimism regarding the positive effect of recent economic stimulus China and The increase in demand in this country has benefited the oil market to some extent.

Analysts believe that despite the rising risk of intensification of war in the Middle East, the impact of disruption in oil supply in this region will be limited. was.

Given that the Middle East has a third of the world’s oil supply, the probability of a direct attack by the Zionist regime on Iran’s oil facilities is low.

According to analysts, the attack on Iran’s oil facilities makes most of the Zionist regime’s international partners angry and has little effect on It will not save Iran’s income, it will only intensify this country’s response.

Opec’s excess production capacity has partially neutralized concerns about supply disruptions and rising oil prices.

The National Oil Company of Libya announced that the conflicts over the leadership of the country’s central bank have been resolved and the oil fields and export terminals It will be reopened. In this way, the crisis that had greatly reduced the oil production of this country ends.

Iran and Libya are both members of OPEC. Despite US sanctions, Iran will produce 4 million barrels of oil per day in 2023, and Libya’s oil production will reach 1.3 million barrels per day last year.

 

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