Home World Crude oil market sees moderate decrease after a recent surge

Crude oil market sees moderate decrease after a recent surge


Oil prices fell by 0.13%-0.15%

On 27 October 2022, 09:11 (UTC+3), Brent Crude futures for January settlement were trading 0.15% lower at $93.66 a barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures for December delivery fell by 0.13% to $87.80 a barrel.

Global oil prices are decreasing this morning after a surge to a two-week maximum driven by reduction of U.S.  gasoline reserves and weakening dollar, Interfax says.

Previous articleThe Integrated Port – Marina development in Larnaca is considered to be the biggest investment in Cyprus according to Karousos
Next articleMABUX: Bunker Weekly Outlook, Week 43, 2022