Brent oil fell to $99.11 a barrel
22:35 12.08.2022 7534
Oil prices are falling during the trading session on Friday after a steady increase in the previous trading session, Interfax reports.
The cost of October futures for Brent on the London ICE Futures exchange by 8:08 am Moscow time on Friday was $99.11 per barrel, which is $0.49 (0.49%) lower than the closing price of the previous session. As a result of previous trading, these contracts rose in price by $2.2 (2.2%) to $99.6 per barrel.
The price of futures for WTI for September in electronic trading on the New York Mercantile Exchange (NYMEX) by this time amounted to $93.81 per barrel, which is $0.53 (0.56%) less than the final value of the previous session. By the close of the market on Thursday, the value of these contracts rose by $2.41 (2.62%) to $94.34 per barrel.
Meanwhile, for the week, the price of Brent could show an increase of almost 5%, WTI – more than 5%, according to Trading Economics.
Meanwhile, OPEC, in its own monthly report, lowered its forecast for oil demand growth this year by 0.3 million barrels per day to 3.1 million bpd due to some regional changes. Thus, in 2022, according to the organization, oil consumption will be 100.03 million b/d, and not 100.3 million b/d, as previously expected. OPEC still believes that this forecast assumes «healthy» demand for the energy resource, the report says.
Gas price in Europe exceeded $3,300 per 1,000 cubic meters
The spot price of gas in Europe on Thursday evening continued its active growth. A jump in prices at the end of the European trading session is usually the result of the influence of the growth of quotations in the Asian market, Interfax reports.
The President of Turkmenistan discussed the prospects for regional cooperation with the President of the European Council
The President of Turkmenistan Serdar Berdimuhamedov, who is on a working visit to Uzbekistan to participate in the first Central Asia-European Union Summit, met with the President of the European Council António Costa on April 3, TDH reports.
The President of Turkmenistan and the President of the European Commission expressed confidence in the successful holding of the Central Asia-EU Summit
The President of Turkmenistan Serdar Berdimuhamedov, who is on a working visit to Uzbekistan to participate in the first Central Asia-European Union Summit, met with the President of the European Commission Ursula von der Leyen on April 3.
The President of Turkmenistan took part in the first Central Asia-EU Summit and the Samarkand International Climate Forum
The President of Turkmenistan Serdar Berdimuhamedov, who is on a working visit to Uzbekistan, took part in the first Central Asia-European Union Summit and the Samarkand International Climate Forum on April 4, TDH reports.
The price of Brent rose above $100 per barrel again
Oil prices are rising moderately on Friday morning after falling the day before, foreign media reported.