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ComMODITY: Oil remains above $80

14/08/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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While fears of a spread of conflict in the Middle East and a threat to production in one of the world's main regions for crude production abated slightly, oil prices remained broadly stable today

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Les contrats à terme sur le pétrole brut américain West Texas Intermediate ont baissé de 19 cents, soit 0,2%, à 78,16 dollars le baril . Brent crude oil futures fell 10 cents, or 0.1%, to $80.59 per barrel at 10:57 GMT. After reaching a seven-month low of $76.30 at the start of last week, Brent rose by more than 3% on Monday to cap off a series of five days of gains, closing at $82.30 per barrel. According to Ashley Kelty, an analyst at Panmur Liberum, “the recent rally in crude oil stopped yesterday as prices fell while fears of a retaliatory attack on Israel by Iran subsided as the risk premium was reduced.

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