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Prıce of oil falls amid rising US reserves

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Prıce of oil falls amid rising US reserves

The oil price fell slightly after the release of information about a significant increase in the oil reserves of the United States.

Axar.az reports that Brent oil January futures fell by 0.46% to $94.92 per barrel. The December WTI oil futures price fell by 0.61% to $88.37 per barrel.

In addition to the increase in oil reserves in the United States, restrictions related to COVID-19 in China are negatively affecting this energy resource's price.

Date
2022.11.09 / 11:32
Author
Axar.az
See also

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Euro falls while ruble rises against manat

Oil prices surge on global markets

Azerbaijan boosts oil exports to Bulgaria in early 2026

Global oil prices continue to fall

Oil prices plunge after Iran opens Strait of Hormuz

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