Saturday , July 24 2021

While gasoline prices rose in Argentina, oil reached a minimum in 7 months

November 7, 2018 | | Comment | 34 reads

While naphth rose in Argentina, the barrel of oil touched on Tuesday in the US for a minimum of 7 months in the US, and London scored the lowest value since last August, in reaction to a temporary release that the US government gave to eight Iranian crude oil importers.

The price of WTI crude oil in New York fell 1.4% to US $ 62.21, the lowest since April 6, and experienced its seventh consecutive decline.

At the same time, a barrel of Brent fell 1.4% in London to US $ 72.14, the lowest price in almost three months.

The fall in oil on the international market came after fuel prices in Argentina rose to 8.5% earlier this month.

Remember that since the beginning of the year, the price of gasoline in the country has been regulated and regulated by a combination of dollar values ​​and oil barrels, among other costs.

The day's movement on the international market came after the re-imposed sanctions that Washington had lifted in Tehran with the signing of the 2015 nuclear agreement, which affected 700 individuals, companies and entities, especially in the energy and financial sectors.

Exceptions to China, India, Italy, Greece, Japan, South Korea, Taiwan and Turkey, which can continue to import Iranian crude for a while, have eased concerns about a potential decline in supply.

The Crude North Sea, a benchmark in Europe, ended the day on the International Exchange Futures with a decline of US $ 1.02 compared to the last trade, when it closed at US $ 73.16.

Source link