Oil Prices dropped 1% after the high demand on US production

Oil Prices dropped 1% after the high demand on US production

WAAR_DUHOK

 

 

Oil prices dropped 1% after the demand on US oil production increased.

 

According to today’s market Brent Crude was sold with $61 and 74 cents, and Texas crude sold with $56 and 35 cents per barrel.

 

The drop is estimated at 22 cents for Brent crude and 94 cents for Texas crude which means 01.5%.

 

The reason behind the drop is the high demand on US oil production and postponing US-China trade deal.

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