West Texas crude oil price Intermediate (WTI) closed trading on the US Nymex exchange yesterday (April 5) local time, rising 32 cents afterInvestors expect Direct conflict between Israel and Iran It may affect the amount of oil in the world market.
WTI crude oil price Scheduled for delivery in May, it rose 32 cents, or +0.37%, to close at $86.91 a barrel. Brent crude oil, scheduled for delivery in June, rose 52 cents or +0.57% to close at 91.17 dollars per barrel.
WTI Crude Oil and Brent Crude Oil They rose more than 4% this week after Iran, the third-biggest oil producer in the Organization of the Petroleum Exporting Countries (OPEC), vowed to take revenge on Israel. that killed a high-ranking Iranian official, although Israel has not claimed responsibility in the attack on the Iranian embassy in Syria last Monday (April 1).
In addition, the release of stronger-than-expected U.S. employment data helped boost the outlook for oil demand. But it may cause the Federal Reserve (Fed) to postpone cutting interest rates this year.
The US Labor Department said non-farm payrolls increased by 303,000 in March. This was higher than analysts’ expectations of 205,000 jobs. The unemployment rate dropped to 3.8%, lower than analysts’ expectations of 3.9%.
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2024-04-06 01:40:23
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