Prices of a barrel of Brent and Texas crude oil today, August 19: How much does it cost and how much does it cost?

Oil prices are still below $100 a barrel. this friday, Crude oil rose about 1% before falling slightly. also, Crude oil heads for weekly loss Because of growing fears of a slowdown in the global economy in the face of high inflation rates.

The intraday rise in prices on Friday was supported by A sharp drop in US crude oil stocksThe nation exported a record 5 million barrels of oil per day in the last week as European countries look to replace Russian crude.

Prices of a barrel of Brent and Texas crude oil today, August 19: How much does it cost and how much does it cost?

At 12:30 PM ET on Friday, US West Texas Intermediate (WTI) crude rose $0.91, or 1.01%, to trade at $91.41. On the other hand, Brent futures were trading at $97.25 a barrel, up 0.68%, or $0.660, according to OilPrice.com.

However, according to the real-time update at 2:04 PM ETThe WTI Index is down 0.03%, trading at $90.47. While Brent is trading at $96.20, down 0.40%.

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Although high on Friday, Both benchmark contracts, WTI and Brent, are headed for weekly losses of about 1.5 percent. On the other hand, the price gap between Brent crude futures for the second month and the second month has narrowed by about $5 a barrel since late July to less than $1, according to Reuters.

in the meantime, Crude oil prices are expected to rise sharply again later this yearSupply will shrink as European buyers start looking for alternative supplies to replace Russian oil.

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