By the editorial staff of PortalPortuario/Reuters Agency
@PortalPortuario
The prices of Petrolium it also fell on Tuesday 23 January Brent or West Texas Intermediate (WTI)shedding some of the previous day’s gains as traders assessed increased crude supply Libya Yes Norway with production cuts States Participated and geopolitical tensions.
Crude oil futures Brent They were down 58 cents, or 0.72%, at $79.48 a barrel at 1441 GMT. Crude oil futures WTI of the United States fell 45 cents, or 0.6%, to $74.31 a barrel.
Brent fell below 80 dollars a barrel again after rising above the threshold on Monday 22nd for the first time since 26 December 2023.
Oil futures remain volatile as uncertainty around various supply and demand indicators persists.
“Traders are evaluating the economic outlook, interest rates, OPEC+ and the risk of supply disruptions following developments in the Red Sea. “We’re no clearer on all of this than we were a few weeks ago,” he said Craig Erlam, analyst at OANDA.
On Monday 22nd, crude oil prices increased by about 2% after a Ukrainian drone carried out an attack on the fuel export terminal in the Port of Ust-Luga From Novateknear St. Petersburg, will raise supply concerns.
According to the report, the drone offensive was a “timely reminder that a larger and more influential war is still underway.” PVM Analyst, John Evans.
Tensions also increased Half Eastwhere US and UK forces carried out a second series of joint strikes against Houthi positions in Yemen on Monday evening the 22nd.
Norway’s crude oil production rose to 1.85 million barrels per day (bpd) in December 2023, up from 1.81 million bpd the previous month and beating analysts’ forecasts of 1.81 million. barrels per day. Norwegian Maritime Directorate (NOD).
In Libya, production at the 300,000 barrel-per-day Sharara oil field resumed on January 21 following the end of protests that had halted production since earlier this month.
Supply remains limited in the United States. Up to 20% of North Dakota’s oil production was still blocked Monday, the state pipeline authority said.
Weather-induced shutdowns over the past week could cause crude oil inventories to decline in the US weekly report. American Petroleum Institute (API) Tuesday 23rd, added PVM’s Evans.
A Reuters poll suggests U.S. crude oil inventories will fall by about 3 million barrels in the week ending Jan. 19.
2024-01-24 01:00:18
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