Saturday , January 22 2022

Oil prices rise by 4% with Trump list data and comments



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Directly: Oil prices rose by around 4% during Wednesday trading, in an attempt to compensate for the sudden losses in the yesterday session after the US statistical data and statistical statements from the US President.

Raw prices recovered from the lowest level in a year after data from the US Energy Information Ministry show that the oil stock lists at the Cushing store in Oklahoma dropped 116,000 barrels to be the first drop in 9 weeks.

The increase came despite US oil stock lists continue to rise for the ninth week in a row by 4.9 million barrels, while gasoline inventories have dropped 1.3 million barrels.

The Energy Information Ministry also revealed the production of static oil from the US at 11.7 million barrels per day, the highest ever ever.

On behalf of the US President Donald Trump praised the strong decline in oil prices over the past period, and thanked Saudi Arabia for that.

The price of coal fell more than 6.5% by the end of the meeting yesterday, with concerns about increasing global supplies.

By 5:40 pm GMT, NYMEX's cradle price rose for January 3.9 per cent to $ 55.54 in bargain.

Brent crude rose for January 2.6% to $ 64.18 barrel.

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