oil prices They wake up stable.
For the morning of this Thursday, June 9, the prices of Brent crude oil and West Texas Intermediate (WTI) did not have significant changes compared to the previous day, yet they continue ranking in three figures.
Currently, prices are close to their historical maximum in the last two decades after a rise of more than three percent registered yesterdayWednesday, June 8.
Experts on the subject point out that Oil prices remain flat due to a new closure in Minhang, Shanghai, due to an increase in coronavirus infections, which has fueled fears about a new wave of covid-19 in China that eventually would reduce demand in Asia.
“Oil prices have been flat and the closure of the Minhang district in Shanghai has spurred fears of a second part of COVID in China, which has reduced demand in Asia. That said, it’s indicative of how tight there is the supply that oil has not receded today because of that news”, said Jeffrey Halley of OANDAaccording to information collected by Television newscasts.
Prices of a barrel of Brent and Texas oil today, June 9: how much does it cost and how much is it quoted?
According to the most recent update of Oil Price Charts, recognized website with more than 150 indices and mixtures of oil worldwide, for this Thursday, June 9, the price of a barrel of Brent crude stands at $123.38 dollars, Meanwhile he cost for the equivalent of the American WTI is in $121.76 dollars.
Prices during the day yesterday, at approximately the same time (1:30 pm ET) they were $123.41 and $122.92 for Brent and West Texas Intermediate, respectively.