Written by – Marwa Al-Ghoul Thursday, December 14, 2023 02:00 PM It rose Oil pricesin early Asian trading today, continuing the gains that began in the previous session, supported by the decline in US crude inventories and the expectations of the US Central Bank that reducing borrowing costs will begin in 2024.
The rise in Brent crude futures reached 46 cents, equivalent to 0.6%, to reach $74.72 per barrel, while US West Texas Intermediate crude rose 48 cents, or 0.7%, to $69.95, according to the Omani News Agency.
Concerns regarding the security of oil supplies in the Middle East after the attack on a tanker in the Red Sea caused prices to rise in the previous session.
In its monthly report, the Organization of the Petroleum Exporting Countries (OPEC) attributed the decline in crude oil prices to “exaggerated concerns” about the growth in demand for oil.
2023-12-14 12:00:00
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