2023-12-13 08:53:01
Today, oil prices continue to decline and renew their losses in today’s session, Wednesday, December 13, following US crude lost the level of $70 per barrel.
The price of Brent crude reached $73.17 per barrel, a loss of 7 cents, or regarding 0.10%.
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As well as the price of US West Texas Intermediate crude, which reached $68.57 per barrel, thus losing more than 0.06%, or 4 cents.
Tensions in the Middle East are still ongoing, as are investors’ fears of a significant decline in production and increased losses.
It is worth noting that oil prices fell by more than 3% upon settlement in Tuesday’s session, and Brent crude futures recorded their lowest levels since June due to fears of a supply glut and US economic data showed a rise in consumer prices in November, contrary to expectations.
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