The relative stability of the price of oil/gold became expensive again – Mehr News agency RCO News Agency
According to Mehr news agency, quoted by Reuters news agency, the price of oil in the energy market was once again affected by the political conditions in the Middle East.
Based on this, the unexpected decrease in American commercial crude oil reserves and the claims made by the Zionist regime about the martyrdom of Yahya Sanwar, the political leader of Hamas in Gaza, on the one hand, led the market to jump in oil prices, and on the other hand, concerns about the decrease in demand. For crude oil, it pushed the market into recession.
In today’s energy market trading, North Sea Brent oil increased by 16 cents to $74 and 61 cents per barrel. The price of US West Texas Intermediate oil also increased by 17 cents and reached 70 dollars and 84 cents per barrel.
Estimates show that the demand for crude oil will increase by only 900,000 barrels per day next year. This year, the demand for oil in the market had grown by one million barrels.
In the precious metals market, each ounce of gold was traded at 2,693 dollars with a jump of more than 1%. The price of silver also increased by 0.66% to 31 dollars and 94 cents per ounce.
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