Baku 22° C
Oil prices fell marginally amid expectations of reduced demand
Energy
- 04 August, 2022
- 07:00
Add Report.az to preferred Google sources
Stay up to date with the top news!
World oil prices fell slightly on Thursday morning, Report informs.
The price of Brent crude September futures fell by 0.22% to $96.57 per barrel, and WTI August futures dropped by 0.04% to $90.63.
The decline in quotes is because investors continue to assess the factors leading to a reduction in demand for this type of raw material, as a recession in the global economy remains possible and China continues to impose restrictions due to COVID-19.
Besides, the results of yesterday's OPEC + meeting also affect the markets. The alliance approved an increase in oil production by only 100,000 barrels per day.
Author
Latest News
17:53
OIC should play more serious role in resolving differences, Iranian FM says
Region
17:35
Japan PM Takaichi's support rate falls below 50%
Other countries
17:15
Photo
Participants of Falcons Meet – 2026 exercise visit Military Trophy Park
Military
16:55
British ambassador hopes for further strengthening of partnership with Azerbaijan
Foreign policy
16:35
Belgium congratulates Azerbaijan on occasion of Day of Restoration of Independence
Foreign policy
16:23
Erdogan's congratulatory message to Ilham Aliyev: Together in joy and sorrow
Foreign policy
16:00
Rezaei says Iran has prepared new military plan for any fresh attack
Region
15:39
Ambassador of Ukraine congratulates Azerbaijan on anniversary of restoration of its independence
Foreign policy
15:23
Latvia congratulates Azerbaijan on anniversary of restoration of its independence
Foreign policy