Oil prices continued their decline during trading on Thursday, December 29, 2022. Indeed, this is due to investor concerns about the abandonment of the zero covid policy in China. According to them, this measure will increase the cases of contamination by the virus in China. This will subsequently lead to an increase in the number of cases affected by Covid in the world.
Knowing that the prices of black gold experienced an increase last week. Indeed, you are not unaware that the United States has been going through one of the worst cold storms for a few days now. Something that has visibly affected the consumption of black gold derivatives. As a result, prices have skyrocketed!
Here are the oil prices displayed for this Thursday, December 29, 2022
US crude futures fell by an estimated 0.77%. They thus appear at 78.35 dollars per barrel. As for Brent prices, it should be noted that they fell by around 0.52%. They therefore reach the bar of 82.83 dollars per barrel. Indeed, this is what the site reports Bloomberg.
Regarding the Algerian reference of black gold, the Sahara Blend, it experienced a slight increase of 0.35%, equivalent to 0.29 dollars. Thus, the barrel of Sahara Blend is trading today at 82.31 dollars. Note that this is what the specialized site reports Oil Pricee.
