The price of oil today, December 4; Brent is 72 dollars and 91 cents
reported by Mehr News Agency quoted by Reuters, the price of oil has increased in trading on Tuesday on the eve of the Christmas holidays. US economic data and increasing demand in India as the third largest importer of oil in the world support oil prices.
The price of a barrel of Brent North Sea oil today increased by 28 cents equal to 0.39% to 72 dollars and 91 The tradition arrived. Texas Intermediate oil West also increased by 25 cents equal to 0.36% to $69 and 49 cents are traded.
New orders for US-made goods rose in November amid strong demand for machinery. The sale of new houses has also increased, which indicates the good state of the country’s economy at the end of this year.
America is the largest oil consumer in the world. Traders are looking for signs of demand for crude oil and fuel in the US in the short term.
Reuters analysts estimate U.S. crude oil inventories fell by about 2 million barrels in the week to December 20, a sign of strong demand.
The US Energy Information Administration will release its report on the matter on Friday. US oil is trading below the level of $69.50 per barrel for 3 consecutive days. Meanwhile, India’s crude oil import, as the world’s third largest importer, has increased by 2.6 percent in November compared to the previous year and reached 19.07 million tons amid high demand due to the increase in economic activities and travel.
In the Middle East, new efforts with the mediation of Egypt, Qatar and the United States to end the war between the Zionist regime and Hamas have accelerated this month and the differences between the two sides have decreased. But there are still issues that need to be resolved.
