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The two benchmark crudes recorded a slight weekly decline, as crude futures fell Brent By 0.2% over the course of the week, after at some point it reached its lowest level since January.
US West Texas crude also recorded a weekly decrease of 0.1 percent.
And black gold prices were affected by an announcement European Central Bank This week about an increase in interest rates by 75 basis points, plus more shutdowns linked to the coronavirus outbreak in China.
The weekly decline comes, despite the rise in oil prices in the last sessions of the week, Friday, after the Russian President threatened, Vladimir Putinto stop the export of oil and gas to Europe If you put a cap on Russian oil prices.
Prices also received support from OPEC+ This week a slight reduction in production.
Crude futures rose Brent Friday, by about $3.69, or 4.1 percent, to reach $92.84 a barrel.
Futures rose toWest Texas Crude By $3.25, or 3.9 percent, to $86.79 a barrel.
Stephen Brennock, from "BVM" to mediate in oil marketsIn the coming months, the West will have to face the risks of losing Russian energy supplies and rising oil prices.
Under pressure from fears about recession and demand, Brent crude fell sharply, after it rose last March near its highest level ever at 147 dollars, which oil prices witnessed after the outbreak of Ukrainian crisis.
Was responsible for US Department of Energy He told Archyde.com that White House He is not currently considering a new withdrawal from the Strategic Petroleum Reserve that exceeds the withdrawal by 180 million barrels, which President Joe Biden announced months ago.
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The two benchmark crudes recorded a slight weekly decline, as crude futures fell Brent By 0.2% over the course of the week, after at some point it reached its lowest level since January.
US West Texas crude also recorded a weekly decrease of 0.1 percent.
And black gold prices were affected by an announcement European Central Bank This week about an increase in interest rates by 75 basis points, plus more shutdowns linked to the coronavirus outbreak in China.
The weekly decline comes, despite the rise in oil prices in the last sessions of the week, Friday, after the Russian President threatened, Vladimir Putinto stop the export of oil and gas to Europe If you put a cap on Russian oil prices.
Prices also received support from OPEC+ This week a slight reduction in production.
Crude futures rose Brent Friday, by about $3.69, or 4.1 percent, to reach $92.84 a barrel.
Futures rose toWest Texas Crude By $3.25, or 3.9 percent, to $86.79 a barrel.
Stephen Brennock, from BVM brokerage, said: oil marketsIn the coming months, the West will have to face the risks of losing Russian energy supplies and rising oil prices.
Under pressure from fears about recession and demand, Brent crude fell sharply, after it rose last March near its highest level ever at 147 dollars, which oil prices witnessed after the outbreak of Ukrainian crisis.
Was responsible for US Department of Energy He told Archyde.com that White House He is not currently considering a new withdrawal from the Strategic Petroleum Reserve that exceeds the withdrawal by 180 million barrels, which President Joe Biden announced months ago.