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Oil: Prices fluctuate between gains and losses

25/07/2022
Categories: Raw materials

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At the start of the week, oil is hesitating, held back by central bank rate hikes. For example, oil prices fluctuated between gains and losses when supply concerns seem to have subsided slightly.

Around 09:15 GMT (11:15 CET), a barrel of Brent from the North Sea for delivery in September took 0.51% to 103.73 dollars. Meanwhile, a barrel of American West Texas Intermediate (WTI) delivered in the same month was worth 0.42% to 95.10 dollars. On Friday, the Libyan National Petroleum Company (NOC) announced that oil production was currently at 860,000 barrels per day, compared with 560,000 barrels per day before the end of the state of force majeure at some terminals.

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