The price of a barrel of Brent and Texas oil today, July 10: How much does it cost and how much does it cost?

The Oil price volatility Raw follows.

In the past few months Barrel prices have risen and fallen dramaticallysurpassed three figures since the end of February when The war between Russia and Ukraine has begun Because Moscow has The largest proven reserves of natural gas and one of the three largest oil producers and exporters in the world.

being sunday, Markets are closed However, according to the latest closing on Friday, July 8, Crude oil prices fell weekly on concerns about a decline in fuel demand, driven by the possibility of a recession.

Despite the collapse in prices, The market continues to show upward trends, Where supply shortages can be exacerbated The Western embargo continues and the Organization of the Petroleum Exporting Countries (OPEC) has failed to meet the production increases.

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The price of a barrel of Brent and Texas oil today, July 10: How much does it cost and how much does it cost?

According to the last closing of Friday, July 8th from oil price charts, A popular site with more than 150 oil indices and blends all over the world, The price of a barrel of Brent crude oil closed at $107.02, up 2.26%, while a barrel of West Texas Intermediate (WTI) crude rose 2.01%, to trade at $104.79.

According to experts at JPMorgan, that’s expected Global producers will have to increase investment To cover supplies the size of Russia and replenish the IEA’s strategic reserves Until 2023.

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