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Oil Price Plunges Amid Uncertainty in Demand: Expert Analysis

Financial experts are convinced that the price of oil has fallen due to uncertainty in demand.

Today, September 26, world oil prices have dropped significantly amid the announcement of important information about raw material reserves in America, reports Dialogue.UA with reference to data biddingcoming from various exchanges (ICE Futures, NYMEX, etc.).

It recently became known that after the meeting of the US Federal Reserve System, held this month, pressure on the “black gold” market increased, as a result of which entrepreneurs had serious uncertainty about the demand for raw materials.

On Tuesday morning, futures contracts for the benchmark Brent crude oil for November fell to $90.47 per barrel. Thus, the daily decline in the price of North Sea oil amounted to 1.53%.

As for the American WTI variety, it fell in price by $1.43 and was trading at $88.25 per barrel today in the first half of the day.

Oil from the aggressor state of the Russian Federation is also becoming cheaper. Thus, Urals fell by almost a percentage per day, amounting to $77.7 per barrel.

Let us remind youRussian dictator Vladimir Putin beat himself, having lost 40 billion dollars for oil in the “trap” of India.

In addition, it was previously reported about another loss of Moscow in the oil industry: Bulgaria took the Rosenets terminal from the Russian Federation.

Author: Svyatoslav Rybalchenko

2023-09-26 09:13:58
#Oil #prices #began #decline #Russian #Urals #fell #main #reasons

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