Fear prevails in the Middle East region during this period, with escalating tension in Asian trading as a result of the turmoil in oil trading in the last trading sessions, as prices for all types of crude oil rose by about $2 due to the deteriorating political situation on the scene during this period.
Brent crude rose according to the latest price update to record a price of $76.11 per barrel, meaning a rise of about 26 cents, while US West Texas Intermediate crude rose by about 26 cents to record a price of 70.64 US dollars.
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With expectations from experts that this crisis will continue in the Middle East region, from which most Arab and foreign countries consuming and trading in oil, petroleum, and black gold products of various kinds will suffer due to the widening scope of conflict between countries in this period, which will lead to the closure of the important strategic corridors that transport oil.
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2024-01-03 09:41:00
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