price movements
In 2022, crude prices have seen Brent They are up regarding 10%, following jumping 50% in 2021.
US West Texas crude rose regarding 7 percent in 2022, following increasing 55 percent last year.
And the two benchmarks rose in the last trading of the year, Friday, as Brent rose by regarding $ 2.45 a barrel, or regarding 3 percent, to reach at the settlement of $ 85.91 a barrel.
US West Texas crude settled at $80.26 a barrel, up $1.86, or 2.4 percent.
Both benchmarks fell sharply in 2020 following the COVID-19 pandemic slashed fuel demand.
It is expected that investors will continue to be cautious in the coming year in light of the increase in interest rates by central banks around the world, and the possible recession in the world’s major economies.
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The volatility came in the prices oil Since the outbreak of war in Ukraine The end of last February, which caused a rise in the price of black gold, given that Russia is one of the largest energy exporters in the world.
price movements
In 2022, crude prices have seen Brent They are up regarding 10%, following jumping 50% in 2021.
US West Texas crude rose regarding 7 percent in 2022, following increasing 55 percent last year.
And the two benchmarks rose in the last trading of the year, Friday, as Brent rose by regarding $ 2.45 a barrel, or regarding 3 percent, to reach at the settlement of $ 85.91 a barrel.
US West Texas crude settled at $80.26 a barrel, up $1.86, or 2.4 percent.
Both benchmarks fell sharply in 2020 following the COVID-19 pandemic slashed fuel demand.
It is expected that investors will continue to be cautious in the coming year in light of the increase in interest rates by central banks around the world, and the possible recession in the world’s major economies.
