Today, oil prices witnessed a new rise in the session of Thursday, December 14, 2023, continuing the gains that they began in the previous session, supported by a larger than expected weekly withdrawal from US crude inventories and the expectations of the US Central Bank to reduce borrowing costs in 2024.
Futures prices rose today, bringing the price of Brent crude to $74.47 per barrel, an increase of 21 cents, or 0.28%, while the price of US West Texas Intermediate crude reached $69.65 per barrel, meaning an increase of 0.03%, or about 9 cents.
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It is worth noting that prices rose in the previous session amid concerns about the security of oil supplies in the Middle East and the ongoing tensions in the region.
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2023-12-14 08:06:02
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