The the prices of oil remain volatile.
On the morning of Tuesday, July 5, Costs of a barrel of Brent crude and West Texas Intermediate crude (West Texas Intermediate) It posted a decline, reversing its earlier gains.
Price collapse As a result of fears of a possible global recession that would reduce the demand for fuelwhich counteracts the fear of a Supply interruption.
Prices are expected to rebound in the coming days, as this was announced recently European companies slowed last month, Which suggests that the area You may enter a rejection state soon.
He added that this, Norwegian workers have started a strike that will reduce oil and gas production, While Saudi Arabia, the world’s largest oil exporter, August crude oil prices rose for Asian buyers, according to Reuters.
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Prices of a barrel of Brent and Texas oil today, July 5: 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 indices and global blends of crude oil, For Tuesday, July 5th, Brent crude oil price is at $108.37 a barrel, while WTI is trading at $104.25 a barrel.
Oil prices fell from the day before, July 4, when The cost of a barrel of Brine crude was $112.94, while the price of West Texas Intermediate crude was $109.65 a barrel, around the same time (9:45 am).