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by the drowning war and trade between China and America
Oil prices rose on Friday as the price of the Brer OPEC basket climbed to 72.85 dollars a barrel, up from 27 cents, or 0.4%. They are still down due to concerns over crude supply and the continuing trade dispute between the United States and China, the world's largest oil consumer.
Oil prices rose Friday after the OPEC Brent crude oil basket price to 72.85 dollars a barrel, an increase of 27 cents or 0.4%, while the WTI rose 29 cents, or 0.4 to 69.79 dollars a barrel.
Brent crude futures fell on Thursday, fears of oversupply returning after a brief resumption of the session on comments that Saudi exports would fall next month By contrast, observers say In the global oil market, world prices continue to fall each week due to concerns over crude oil supply. And the ongoing trade dispute between the states The United States and China, the biggest oil consumers in the world.
Crude oil fell for the third week in a row after falling on Monday, Brent falling 3.3% and West Texas Intermediate crude gaining 1.8%. According to many observers and oil experts, the drop in prices is due to worries about bottlenecks with the return of some stopped productions, while tensions between the United States and China are fear of damage to their savings and their demand for raw materials.
The United States alone accounted for about one fifth of the volume of oil demand in 2017, while China consumed about 13% of it according to the BP Energy Statistical Review
. The production is of 14 kinds, namely Algerian ore, Qatari crude, Kuwaiti crude oil, UAE and Iranian heavy crude, the light Iraq Basrah, Libyan crude oil, the Nigerian crude Bonny, the Venezuelan crude, the Venezuelan gyasol, the Ecuadorian equator
Boalem Hamdoush
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