Prices of a barrel of Brent and Texas oil today, June 8: How much does it cost and how much does it cost?

Oil prices are still volatile and They posted a huge rise of more than three percent on Wednesday, June 8.

The increase in Brent and West Texas Intermediate (WTI, for short) crude oil prices comes in the form of As a result of easing lockdowns in China due to the recent coronavirus outbreak, as well as a possible strike in Norway by oil workers.

Recently, the United States began to increase its oil production, but even with this, It will not be enough to counteract the high demand that comes with the easing of restrictions in China.

“Although the American Petroleum Institute (API) report showed increases in crude oil and petroleum products, crude oil prices are higher, Backed by the expectation that China will ease restrictions before Corona virus diseasewhich translates to higher demand and imports this summer (North)“, Giovanni Stonovo, an analyst at UBSaccording to information collected by TV newscasts.

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Prices of a barrel of Brent and Texas oil today, June 8: How much does it cost and how much does it cost?

According to the latest update of oil price charts, A popular site with more than 150 indexes and oil blends all over the world, The price of a barrel of Brent crude this Wednesday, June 8, is $123.41, while the cost of the equivalent of US West Texas Intermediate crude is $122.92.

Prices are yesterday, around the same time (3:00 ET) They were $120.76 and $119.89 for Brent and West Texas Intermediate, respectively.

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