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Slight decline in oil prices

2022-01-13T07:58:59.879Z


Melbourne, SANA- Oil prices fell today, giving up some of their large gains in the previous two sessions, amid expectations


Melbourne-Sana

Oil prices fell today, giving up some of the big gains in the previous two sessions, amid mixed expectations for demand.

Reuters reported that US benchmark West Texas Intermediate crude contracts fell 20 cents, or 0.2 percent, to $82.44 a barrel.

The global benchmark Brent crude contracts also fell 19 cents, or 0.2 percent, to $84.48 a barrel.

And data from the US Energy Information Administration yesterday showed that fuel demand was affected by Omicron, as gasoline stocks rose by eight million barrels in the week ending on the seventh of January, compared to analysts' expectations for an increase of 2.4 million barrels.

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Source: sena

All business articles on 2022-01-13

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