Saturday , July 2 2022

Oil prices stabilize, but hangs down the fear of supply hazards


An oil ring in Calgary is in a Reuters archive.

SINGAPORE, May 16 (Reuters) – Oil prices fell sharply after a downward spiral in the red.

Brent crude was at $ 66.17 a barrel.

US West Texas Intermediate Crude Futures was $ 56.29 a barrel. In the last settlement price, four cents went up.

Brent crude, West Texas crude, China and the United States have indicated that steps will be taken to increase their bitter business disputes.

Oil prices have fallen since October, when oil prices have fallen. The demand is expected to slow down over the recession.

China's economic position declined significantly in the third quarter of 2018, including capital economics, indicating that "China's economic growth is a matter of concern in recent years," Morgan Stanley wrote in a note.

China is the world's largest oil refinery and second largest crude in China.

In the third quarter, Japan's two industrial centers in Germany and Germany have been released.

Oil production in the United States rose by 22 percent to 11.6 million barrels.

Prepared by the Arabic version of Moataz Arabic – Edit مروة سلام

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