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Showing posts from August, 2022
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F uel oil prices are lower in the world market Global economic growth and the impact of inflation on the demand, the price of crude oil in the world market fell another round. This information is known according to the report published in the Economic Times. On Friday (August 5), the price of Brent crude fell 10 cents or 0.1 percent to 94.02 dollars per barrel in the international market. In addition, the price of US West Texas Intermediate crude fell 6 cents to 88.48 dollars per barrel. Meanwhile, the price of Brent crude fell to 93.81 dollars per barrel on Thursday (August 4) night. This is the lowest since the Russian military attack in Ukraine. At the beginning of this year, the price of fuel oil in the world market rose above 120 dollars per barrel. Mainly due to the normalization of global economic activities in the post-Corona situation, the increase in demand and the Ukraine conflict caused a supply shortage due to the Western sanctions on Russia, one of the world's oil ex...