The global price of oil today, 7 Azar; Brent was 72 dollars and 79 cents
reported by %20%0A
The price of a barrel of Brent North Sea oil today decreased by 2 cents, equivalent to 0.03%, to 72 dollars and 79 dollars. The tradition arrived. Texas Intermediate oil West also decreased by 2 cents equal to 0.03% to $68 and 75 cents is traded.
Both of these oil indices decreased on Tuesday after the Zionist regime agreed to a ceasefire with Hezbollah.
Joe Biden said on Tuesday that the cease-fire will be implemented on Wednesday following an agreement between the two sides mediated by the United States and France. will be This ceasefire agreement paves the way for the end of the conflict on the border of occupied Palestine and Lebanon.
Israeli Prime Minister Benjamin Netanyahu said he is ready to implement the ceasefire agreement with Lebanon and will respond to any violence by Hezbollah.
The market participants are waiting for the implementation of this ceasefire.
Analysts believe that the weather conditions in the northern hemisphere in the winter, the possible increase in oil and gas shale production in the United States in the Trump administration. And the trend of demand in China keeps the price of American oil in the range of 65 to 70 dollars per barrel.
The OPEC+ alliance, which is made up of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, led by Russia, is in talks to postpone again the plan to increase production, which was supposed to increase from the beginning. To be implemented in January. The coalition will meet on December 1 to decide on production policy in early 2025.
OPEC+ produces about half of the world’s oil and plans to gradually abandon its production reduction plan over a few months in 2024 and 2025. But the slowdown in demand growth in China and the whole world and the increase in production from countries outside this group will prevent the implementation of this plan.
Donald Trump has announced that he will impose 25% tariffs on all products imported from Mexico and Canada. Some knowledgeable sources believe that crude oil will not be exempted from these trade fines.
On the other hand, US crude oil inventories fell by 5.94 million barrels in the week ending November 22. This is while analysts expected a decrease of 600,000 barrels.
