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Raw material: oil is retreating

05/11/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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In a context of general market downturn Financial and the strength of the American dollar, oil prices fell Wednesday, as investors assessed the outlook of supply.

The price of Brent crude oil fell slightly by 6 cents, or 0.1%, at 64.38 dollars per barrel at 4:08am GMT, after reaching a low of almost two weeks in the previous session.

The price of West Texas Intermediate Crude Oil American fell 10 cents, or 0.17%, to $60.46.

The climate of risk aversion that reigns over markets prompted investors to withdraw from the energy markets, wrote ANZ analysts in a note to their customers published on Wednesday.

Asian equities have plunged Wednesday and market volatility reached unprecedented levels since April, after a wave of sales led by the technology sector in Wall Street that brought excessive valuations to light

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