world oil prices little recovery The market closed on Monday (March 20, 2023) from a 15-month low amid volatile trading. Alleviate concerns about risks in the World Bank sector. who are concerned that the economy will enter a recession affecting energy consumption
– West Texas Crude Oil Contract Intermedia or Light Sweet Scratch April delivery rose 90 cents to $67.64 a barrel.
-Brent North Sea London Delivery in May ’23 rose 82 cents to close at $73.79 a barrel.
oil market recovery After the beginning of the two contracts moved down about $ 3 per barrel. The lowest since December 2021, while last week. Both crude futures tumbled more than 10% amid an intensifying banking crisis.
Oil prices closed in a narrow range despite Switzerland’s largest bank, UBS. Reached a historic deal to buy Credit Suisse in an attempt to salvage the country’s second-largest bank, along with announcements from the US Federal Reserve, European Central Bank and other central banks. Collaborate to increase liquidity and support other financial institutions.
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