Oil prices top $100 again as 7-month Iran war continues
12 Articles
12 Articles
An export stop from Chinese refineries drives oil prices. Investors are increasingly fleeing into fixed-interest securities, which appear more attractive due to high interest rates. IT consulting company Accenture, however, is creating a mood of optimism in the tech industry.
Brent crude, which serves as a reference in Argentina, increases by 2.5% this Thursday.While the WTI Texano closed September with a rise of around 5%, driven by the war in the Middle East.What does a report say about the Asian giant that put more pressure on the energy market?
Brent crude oil prices fluctuated, surpassing the $100 mark per barrel, as US oil inventories unexpectedly increased and production rose. Statements from US President Donald Trump and Energy Secretary Chris Wright regarding oil supply also influenced price movements. Strengthening expectations that there will be no supply shortage in the US put downward pressure on oil prices, and market attention is now focused on how prices will evolve.
Energy markets worldwide are facing supply disruptions due to the US-Iran conflict in the Middle East and Russia's invasion of Ukraine.
Brent oil prices rose 3.7% to cross $101.
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