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Global benchmark crude contracts fell Brent $ 6.65, or 5.9 percent, to $ 106.85 a barrel by 13:44 GMT.
US West Texas Intermediate crude contracts fell $5.65, or 5.2 percent, to $102.78 a barrel, according to the report. "Archyde.com".
Investors are increasingly concerned about demand in light of broad tightening global financial conditions The US Federal Reserve is fighting inflation by rapidly increasing interest rates.
and raise central bank The Australian on Tuesday held interest rates for a third month with further increases pointed out as it sought to contain rising inflation even with the risk of deflation.
Oil prices continue to be supported by supply concerns as a result of Western sanctions imposed on shipments from… Russia Because of the conflict in Ukraineas well as the current labor disputes in Norway.
The union that leads industrial action in Norway said workers in the maritime sector had started a strike that would reduce oil and gas production.
According to the company "Equinor" For oil production in Norway, the strike is expected to reduce oil production And gas is about 89 thousand barrels of oil equivalent per day, from which up to 27 thousand barrels per day of gas comes out.
According to the forecasts of the Oil and Gas Authority in NorwayOil production is expected to drop by as much as 130,000 barrels per day as of Wednesday.
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Global benchmark crude contracts fell Brent $ 6.65, or 5.9 percent, to $ 106.85 a barrel by 13:44 GMT.
US West Texas Intermediate crude contracts fell $5.65, or 5.2 percent, to $102.78 a barrel, according to “Archyde.com”.
Investors are increasingly concerned about demand in light of broad tightening global financial conditions The US Federal Reserve is fighting inflation by rapidly increasing interest rates.
and raise central bank The Australian on Tuesday held interest rates for a third month with further increases pointed out as it sought to contain rising inflation even with the risk of deflation.
Oil prices continue to be supported by supply concerns as a result of Western sanctions imposed on shipments from… Russia Because of the conflict in Ukraineas well as the current labor disputes in Norway.
The union that leads industrial action in Norway said workers in the maritime sector had started a strike that would reduce oil and gas production.
According to the Norwegian oil company Equinor, the strike is expected to slow down oil production And gas is about 89 thousand barrels of oil equivalent per day, from which up to 27 thousand barrels per day of gas comes out.
According to the forecasts of the Oil and Gas Authority in NorwayOil production is expected to drop by as much as 130,000 barrels per day as of Wednesday.