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There Was a Slight Decrease in Oil Prices

There Was a Slight Decrease in Oil Prices. After the sharp rise yesterday, oil prices were slightly pulled by the impact of API data, indicating an i

There Was a Slight Decrease in Oil Prices
Yazar: Elif Dinçer

Yayınlanma: 22 Temmuz 2020 14:56

Güncellenme: 8 Kasım 2024 02:25

There Was a Slight Decrease in Oil Prices. After the sharp rise yesterday, oil prices were slightly pulled by the impact of API data, indicating an increase in US oil stocks, and the continued increase in coronavirus cases. Uneasiness about the coronavirus outbreak caused US President Donald Trump's statements that the outbreak would get worse before it gets better. In NYMEX, West Texas oil fell to $ 41.40 / barrel. After this withdrawal, it is trading at $ 41.70 / barrel, with a depreciation of $ 0.22 compared to yesterday. Brent oil also finds buyers at $ 44.12 / barrel, down by $ 0.20. Analysts, who made evaluations on the subject, underlined that the API's oil stock data indicated the biggest increase in stocks since late May. They stated whether this rise would be confirmed by the stock data to be announced by the US Department of Energy today.
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