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Oil prices drop below $114

2022-03-22T11:34:54.550Z


London, SANA- Oil prices fell below $114 a barrel today, giving up part of its gains that amounted to


London-Sana

Oil prices fell below $114 a barrel today, giving up part of its 7 percent gains yesterday.

Reuters reported that "Brent crude fell $1.92, or 1.7 percent, to $113.70 a barrel, and West Texas Intermediate crude fell $2.82, or 2.5 percent, to $109.3, and the two contracts rose by more than 7 percent yesterday."

A strong dollar increases the cost of crude to holders of other currencies and weakens risk appetite.

Earlier this month, Brent crude recorded $139 a barrel, its highest price since 2008.

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Source: sena

All business articles on 2022-03-22

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