Free fall of oil and gold in the world market – Mehr news agency RCO News Agency

According to the Mehr news agency, citing Reuters news agency, the hopes of reaching a ceasefire in Lebanon and reducing worries about oil supply in the Middle East caused the price of black gold to take a downward trend.

Accordingly, oil Brent The North Sea was traded at $77.18 cents per barrel, down 3 dollars and 75 cents. oil price West Texas intermediate America also decreased by 3 dollars and 57 cents to 73 dollars and 57 cents per barrel.

The fall of more than 4% in the price of oil in today’s trading occurs after last week’s oil Brent It had experienced more than 8% growth. Market analysts say that now the hopes for establishing a ceasefire in the Middle East have increased and this issue has reduced concerns about the spread of the conflict and the impact on the supply of black gold from the Persian Gulf.

In the precious metals market, the price of gold experienced the biggest drop in the last month. Gold was traded at $2,614 per ounce, down more than 1%.