World oil price today 09/11/1402 | Brent became 78 dollars and 88 cents – rahnam

According to the rahnam news agency, quoted by Reuters, investors’ doubts about the depth of OPEC+ supply reduction and concern about the weakness of factory production activity in the world have lowered the price of oil by more than 2%.
The price of a barrel of Brent oil in the North Sea decreased by 1 dollar and 98 cents, equivalent to 2.45%, to 78 dollars and 88 cents. US West Texas Intermediate oil is trading at $1.89 cents, equivalent to a 2.49% decrease to $74.7 cents.
Brent oil decreased by 2.1% and American oil by more than 1.9% in the last week.

OPEC+ producers agreed on Thursday to withdraw about 2.2 million barrels per day of oil from the market in the first quarter of this year. This reduction in production includes 1.3 million barrels per day of the current reduction in Saudi Arabia and Russia.

But it seems that the businessmen are somewhat skeptical about this plan. According to some traders, OPEC+ members will not stick to this agreement or this production reduction will not be enough.
The OPEC+ alliance, which produces more than 40% of the world’s oil, has put forward a production cut policy following the drop in oil prices compared to the peak of $98 in September and amid concerns about the slowdown in world economic growth and weak demand for fuel. has taken.
The production cut that OPEC+ agreed on Thursday is voluntary, and this voluntary nature has raised doubts about its implementation.
In the United States, Federal Reserve Chairman Jerome Powell announced on Friday that the central bank will act cautiously on interest rates.
Investors are currently focused on the world’s factory production activity, which remains at a low level, as well as demand, which has decreased.
Negotiations to extend the cease-fire between the Zionist regime and the Palestinians failed last day and clashes began in Gaza. The war initially supported oil prices as it raised concerns about oil supply disruptions, but had little effect on global oil flows.
On Friday, the United States imposed additional sanctions on three companies and tankers regarding the Russian oil price ceiling.
The number of US oil wells also increased by 5 rings and reached 55 this week, which shows the highest figure since September.
The end of the message/73

Leave a Comment