oil prices
The barrel of Brent crude oil, the benchmark for Colombia, closed Wednesday’s session at $83.10, up 1.74% from the end of the day before, having already surpassed $84 this morning. Similarly, Texas Intermediate Crude Oil (WTI) neared $79 after rising 1.9% to $77.86 on Wednesday. These prices await the decisions of the OPEC+ alliance.
Next Thursday, the aim is to adjust the levels of its oil inventories in 2024 today in a market in which the group is expected to make greater cuts.
The decision is to be adopted by sector ministers of the group’s 23 ‘petrostate’ members at their six-monthly meeting, a virtual meeting initially scheduled for last Sunday as an in-person meeting in Vienna.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
