oil prices remain volatile.
raw The day starts with gains driven by weak dollar and shortages of supplies, That counteracted the fear of a Decreased demand for fuel in China due to the outbreak of the new Corona virus.
US currency It has fallen from an all-time highMaking Commodities traded in this currency are quite affordable, from gold to oil.
Brent and West Texas Intermediate (WTI) It recorded its biggest drop since April last weekthis, for fear of a Recession that affects the demand for crude oil.
Currently, The President of the United States, Joe Biden, It is located in the Kingdom of Saudi ArabiaTo demand an increase in oil production to reduce its price and reduce inflation. However, supplies are still tight and everything seems to point to the main producer of OPEC It will not commit itself to increasing its production.
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Prices of a barrel of Brent and Texas oil today, July 18: 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 oil indices and blends all over the world, On Monday, July 18, the price of Brent crude oil was at $105.84, while the price of WTI was at $101.94.
raw It increased by about four percentAs its price during the previous week’s closing was $101.16 a barrel for Brent crude and $97.59 for the equivalent of West Texas Intermediate crude.