Written by: Marwa Al-Ghoul
Tuesday, December 05, 2023 02:00 PM
I witnessed Oil prices Today, it is stable following the voluntary production cuts of the OPEC+ alliance.
Brent crude futures fell one cent to $78.02 per barrel, while US West Texas Intermediate crude futures rose five cents to $73.09 per barrel, according to the Omani News Agency.
The dollar index rose slightly against the yen in early trading in Asia to 147.23, halting its series of declines last November, which is the largest monthly decline in a year. The rise in the dollar makes oil more expensive for holders of other currencies, which may weaken demand for oil.
The OPEC Plus group, which includes the Organization of the Petroleum Exporting Countries (OPEC), agreed last Thursday on voluntary production cuts totaling about 2.2 million barrels per day for the first quarter of 2024.
2023-12-05 12:00:00
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