The Instability Around Oil prices continue to rise.
Since the beginning of the Russian invasion of Ukraine (February 24) The price of barrels of crude oil has tripled And is expected to prevail in that respect In the next few months.
This Wednesday, May 4th, prices Brent and West Texas Intermediate (WTI) crude oil barrels rose more than three percent.
Rise occurs in the middle of a day The European Union plans to gradually reduce Russia’s oil imports to offset crude oil demand in China. The world’s leading oil importer.
“Russian oil is now ‘bad oil’. This energy war of ‘good oil’ and ‘bad oil’ has just begun.” Bjarne Schieldrop, chief inventory analyst, said SEBAccording to information gathered by Television news broadcasting.
Other than that, there are investors Waiting for the announcement of the Federal Reserve’s monetary policy United States (Fed), With an increase in interest rates Up to 50 base points.
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Prices of a barrel of Brent and Texas oil today, May 4: How much and how much is mentioned?
According to a recent report Oil price chartsRecognized website with over 150 oil codes and blends worldwide, On Wednesday morning, May 4, West Texas Intermediate was at $ 107.06 a barrel and Brent crude was at $ 109.45 a barrel.
Oil prices were a An increase of just three per cent, Because yesterday its price was almost at the same time $ 104.73 for WTI and $ 107.11 for Brent.