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Oil prices are heading for a weekly decline

2022-09-16T15:36:54.090Z


London, SANA- Oil prices witnessed stability today, but they are heading to record a weekly decline, amid fears of sharp increases in oil prices


London-Sana

Oil prices witnessed stability today, but they are heading to record a weekly decline amid fears of sharp increases in interest rates.

Reuters reported that Brent crude futures rose 25 cents, or 0.3 percent, to $91.09 a barrel, but fell by 1.9 percent during the week.

US West Texas Intermediate crude futures also rose 11 cents, or 0.1 percent, to $ 85.21, down 1.8 percent this week.

The two benchmark indices are heading to record losses for the third week in a row and since the beginning of the third quarter until now, both crudes fell by 20% in the worst quarterly percentage decline since the beginning of the Corona pandemic in the first quarter of 2020.

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Source: sena

All business articles on 2022-09-16

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