2024-02-23 09:33:01
In light of the high rise that oil prices experienced in recent days after clear fluctuations and fluctuations, today’s prices, Friday, February 23, 2024, came as a surprise by all standards, coinciding with the release of the American reports on Thursday evening.
The oil market received a clear decline in prices. Brent crude oil recorded a price of $83.10, while West Texas Intermediate crude fell to $77.98, of course, as a result of the American decisions and statements announced yesterday.
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The first statement issued by the US Energy Information Administration stated that domestic crude oil stocks rose by 3.5 million barrels at the end of last week, thus shattering the hopes of experts who expected an increase of 3.9 million barrels.
The following statement was issued by the US Central Bank, shocking the market with its decision to postpone the interest rate cut for up to two additional months.
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