The stock market day
Oil prices are picking themselves up a bit
07/14/2022, 07:58 am
Oil prices started trading with minor fluctuations and are thus continuing to stabilize after the significant losses of the previous day. A barrel (159 liters) of the North Sea variety Brent was $100.05 in early trade, up 0.48 cents from Wednesday. The price per barrel of the US West Texas Intermediate (WTI) rose 28 cents to $96.58. This costs the two types of oil significantly less than in mid-June, when a keg of Brent had cost around $125.
On Tuesday alone, oil prices had fallen by up to eight percent. The decisive factor was the Fear of an economic downturn as a result of an impending energy crisis in Europe.
