March 31, 2023

Dubai Week

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World oil prices fluctuate between ups and downs

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Oil prices fluctuated in trade on Wednesday as markets were further affected by the US decision to impose sanctions on Russia over the Ukraine crisis and the possibility of reaching an agreement on the Iranian nuclear program. Increase in supply in markets.

Global oil quality Brent crude traded near $ 97 a barrel yesterday after rising to about $ 99.50 a barrel.

This came at a time when US President Joe Biden was announcing sanctions on Russian sovereign bonds and several senior Russian officials in response to the US president’s description of the invasion of Ukraine.

West Texas Intermediate crude for U.S. oil fell 0.3% today to $ 91.63 a barrel in April, up 0.8% on New York Stock Exchange and London Stock Exchange trading until 8:40 a.m. local time yesterday, and 0.2% for next April delivery. A barrel was $ 96.63.


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