Drop in Brent crude oil price per barrel (February 16, 2024)
As of 09:30 today, the price per barrel of Brent crude oil decreased by 0.08 percent compared to the closing price, reaching 82.79 dollars.
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The price per barrel of Brent crude oil, which rose to 83.25 dollars yesterday, finished the day at 82.86 dollars. As of 09:30 today, the price per barrel of Brent crude oil decreased by 0.08 percent compared to the closing price, reaching 82.79 dollars. At the same time, West Texas Intermediate (WTI) crude oil was trading at 78.11 dollars per barrel.
Oil prices are following a mixed trend due to forecasts regarding global oil supply and demand, macroeconomic data released in the US yesterday, and the ongoing tension in the Red Sea.
In the report published yesterday by the International Energy Agency, it was stated that global oil supply is expected to increase by approximately 1 million 700 thousand barrels per day this year, reaching 103 million 800 thousand barrels.