The barrel price of Brent oil, which opened at $130.31 today, decreased by 15 percent to $110.77 as of 21.30. At the same time, a barrel of West Texas (WTI) crude oil found buyers at 107.75 dollars.
It is stated that the news flow that the United Arab Emirates will call on the Organization of Petroleum Exporting Countries (OPEC) and the OPEC+ group, which consists of non-OPEC oil producing countries, to increase production, is effective in the decrease in prices.
On the other hand, it is considered that the meeting of Ukrainian Foreign Minister Dmitro Kuleba and Russian Foreign Minister Sergey Lavrov, to be held in Turkey tomorrow at the margin of the Antalya Diplomacy Forum, has an impact on the volatility in prices.
Oil prices had retreated during the day as the concerns of market investors about a disruption in Russian oil supply were relieved and the International Energy Agency was ready to offer more oil to the market from the emergency reserves of member countries.
Comments
No comment yet.