Prices of a barrel of Brent and Texas oil today, August 7: What is its cost and how much is it pricing?

Sunday has arrived, and although the energy markets aren’t working today, It is worth keeping abreast of the latest fluctuations in oil prices.

black gold Closed the day in an uptrend after recouping part of the week’s losses. Minor gains in oil prices As a result of strong employment data in the American Federation, compared to last July.

Although profits Oil closed the week at one of its lowest levels since February, Which was when prices skyrocketed due to Russia’s invasion of Ukraine Moscow is one of the major producers and exporters of oil worldwide.

Along the same lines, The general decline in prices – compared to February – is supported by the impact of inflation and fear of a possible recession, Which may cause in the end Decreased demand for fuel. However, there Signs of tight supply, which could lead to a price hike again.

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Prices of a barrel of Brent and Texas oil today, August 7: What is its cost and how much is it pricing?

According to the latest update of oil price charts, A famous site that contains more than 150 oil indicators around the world, with the market closed, As of Sunday, August 7, the price of a barrel of Brent crude oil was $94.92, while the price of a barrel of West Texas Intermediate (WTI) crude was $89.01.

According to the data presented the previous day, Brent crude rose 0.85 percent, or $0.80, while West Texas Intermediate crude rose 0.53 percent, or $0.47. It is approaching its lowest level recorded before the war between Russia and Ukraine.

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