World crude oil prices rose 1.61-1.70 percent today as investors remain worried regarding the Russian-Ukrainian conflict. will pressure the price direction
The price of foreign crude oil as of February 17, 65 has been changed according to the type of reference as follows:
• West Texas (WTI) was $93.66/barrel, up $1.59, or 1.70%.
• Brent was at $94.81 a barrel, up $1.53 or 1.61%.
Analysts of Thai Oil Public Company Limited revealed that crude oil prices rose. After the crisis between Russia and Ukraine caused investors to ponder conflicting statements. Most recently, Jens Stoltenberg. The NATO secretary-general said he might not confirm that Russia had actually withdrawn its troops. but continued to reinforce the military Earlier, Russia announced it would withdraw some of its troops from its border with Ukraine.
US State Department Talks regarding the progress of the Iran nuclear deal negotiations into the final phase. After Iran calls on the United States Remove all sanctions This will result in Iran returning to export oil to the world market.
The US Energy Information Administration (EIA) reports US crude inventories. For the week ending Feb. 11, it rose 1.1 million barrels to 411.5 million barrels, contrary to analysts’ expectations for a decrease of 1.6 million barrels. Cushing Oklahoma fell to its lowest level since September 2018, down more than 1.9 million barrels.
