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Oil price stability


London, SANA-Oil prices stabilized today, as investors questioned the effectiveness of withdrawing from strategic reserves.


Oil prices stabilized today as investors question the effectiveness of withdrawing from strategic reserves.

Reuters reported that the global benchmark Brent crude contracts ended the trading session down six cents, or 0.07 percent, to settle at $82.25 a barrel.

 US benchmark West Texas Intermediate crude contracts closed 11 cents, or 0.14 percent, at $78.39.

The data also indicated that the crude stockpile in the strategic petroleum reserve of the United States fell last week to 604.5 million barrels, the lowest level since June 2003.

Source: sena

All business articles on 2021-11-24

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