Thursday , August 11 2022

Oil Loss 1%, Crude Oil Lost From 1984 to Today Has Been Lost in Longest Loss


(Reuters) – Oil prices fell by about 1 percent on Friday, with global demand rising and investors fearing that oil demand might slow down, and the longest daily loss of US oil since 1984.

Brent crude oil , fell for the first time since the beginning of April to $ 70, and fell about 20 percent since it reached the highest level of four years in early October.

Brent crude fell 47 cents or 0.7 percent to settle at $ 70.18 per barrel. Crude oil dropped to about 3.6 percent per week and to 15 percent in this quarter.

US West Texas Medium-term crude futures, according to data, ranked 10th, the longest losing line since July 1984.

US crude oil decreased by 48 cents or 0.8% from $ 60 to $ 60 & # 39; a regressed.

US crude oil was $ 59.26, down $ 1.14 from the top in October, down 22% from a peak.

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