Brent Crude And WTI Crude Prices Stabilize After Two-Day Drop

March 9, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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Oil prices are trading flat on Thursday after two consecutive days in decline as a strike in France, a drop in U.S. crude inventories, and a faltering dollar offset fears over the economic impact of rising interest rates. In early trading, Brent Crude was sitting at $83.52, while WTI was trading at $77.40. Both benchmarks had dropped by around 5% this week. The halt in deliveries from French refineries and slight weakness in the dollar might attract some short-covering, Tamas Varga of oil broker PVM told Reuters. He added…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

Brent Crude And WTI Crude Prices Stabilize After Two-Day Drop

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