The downward trend of oil in the energy market / gold became cheap again
According to Webangah News quoted by Mehr News Agency According to the Reuters news agency, alarming statistical data about inflation in China and the lack of clarity about Beijing’s economic plans caused the price of oil to drop in the world market.
Accordingly, North Sea Brent oil decreased by one dollar and 26 cents, 77 Dollars and 78 cents were traded per barrel. The price of Texas WestIntermediate oil also decreased by one dollar and 20 cents to $74. And it reached 36 cents per barrel.
While economic data about China, the world’s largest importer of crude oil, on the price of black gold had an effect, concerns about the expansion of the conflict in the Middle East, especially the new US sanctions against Iran, have caused the market to continue to worry about supply.
In the precious metals market, each ounce of gold was traded at 2,644 dollars with a decrease of 0.5%. Silver was traded at $31 and 2 cents per ounce with a decrease of 1.68%.
