The price of oil today, 3 December; Brent 73 dollars and 29 cents
reported by Mehr News Agency, according to Reuters, the price of oil rose on Monday due to the increase in the possibility of the continuation of the process of easing the monetary policies of the United States. Lower interest rates support the growth of the world economy and increase the demand for oil.
The price of a barrel of Brent North Sea oil today increased by 35 cents, equivalent to 0.48%, to 73 dollars and 29 The tradition arrived. Texas Intermediate oil West of America also increased by 39 cents, equivalent to 0.56%, to $69 and 85 cents is traded.
It seems that the report of the decrease in inflation in the United States has calmed the worries that arose after the meeting of the Federal Reserve.
The US central bank said last week it is likely to take a more cautious approach to easing monetary policy next year. In this way, concern about the growth of the world economy lowered the price of both of these oil indices by more than 2% in the last week.
Research Sinopec, Asia’s largest refiner, shows that oil consumption in China will peak in 2027. This news has also affected the price of oil.
Concern about the supply of oil to Europe following the resumption of the Drozhba pipeline, which brings Russian and Kazakh oil to Hungary. Slovakia, the Czech Republic and Germany have decreased. The operation of this pipeline was stopped on Thursday due to technical issues at a pump station in Russia.
The Drozhba pipeline transports 300,000 barrels of crude oil per day. On Friday, US President Donald Trump threatened the European Union, if it does not increase the import of oil and gas from this country, they will face export duties. The European Commission announced that it is ready to negotiate with Trump on strengthening strong relations between the two sides, especially in the field of energy.
Trump has also threatened to resume control of the Panama Canal. Trump has accused Panama of charging additional rates for the use of this Central American crossing.
