Crude oil prices continue to fall. On Tuesday, Brent crude fell 0.8 percent to a July 15 low of $99.26. Investors took caution due to the slowdown in manufacturing and dwindling fuel demand, which saw the price fall. Oil makers are going to consider increasing or not increasing supply this week. This week, the US crude benchmark also settled at $ 92.42, which fell to its lowest level since July 14.
In March, the price of crude oil was at $ 113, which is now trading around $ 100. Analysts said the fall in crude oil prices followed the factory activity data. At the same time, the world economy is also moving towards a slowdown. Its concern grew on Monday when surveys in the United States, Europe, and Asia showed factory activity remained low in July.
OPEC meeting on Wednesday
On Wednesday, a meeting of the Organization of the Oil Producing Countries (OPEC) and other countries with Russia is to be held. In this, a decision on the production of oil will be taken in September. Everyone's eyes are on this decision. It is expected that production may remain stable in September. However, Saudi Arabia can motivate to increase oil production.
slowly falling oil prices
Analysts said the uptrend in oil prices is gradually fading. It may further decline once the supply and demand conditions are clear. Meanwhile, the US imposed sanctions on China and some other companies. These companies helped sell Iranian oil and petrochemical products to East Asia.
Ukrainian President Zelensky meets US President Biden, US announces military aid
Ukrainian President Volodymyr Zelensky meets US President Joe Biden at the White House. Ukrainian
Republic Day 2024: This time on the occasion of Republic Day, heritage aircraft Dakota has been i
The Indian football team has started with a win in the SAFF Championship. They thrashed arch-riva
Members of Congress and opposition parties once again created a ruckus on several issues includin
Pakistani security forces killed 25 out of 35 terrorists, two commandos also died
Pakistan's security forces killed 25 out of 35 Islamist terrorists hiding in an anti-terrorist ce
Adipurush registered a massive opening at the box office on Friday, despite critics and memes goi
After the murder of NCP leader Baba Siddiqui in broad daylight, Salman Khan's security has been t
As per the pre-announced program of emergency warning system and rescue and relief operations, mo
The start of the international career of Indian team all-rounder Deepak Hooda has been very spect
Australia on Thursday defeated South Africa by 3 wickets in a breathtaking second semi-final of t
