Wednesday , August 10 2022

Discovery of oil in the Santander fields



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Crude oil prices have jumped

World oil prices continue to rise.

In the case of Brent oil, the price of a barrel for delivery in December reached 83.56 USD, 1.42% more than at the end of the previous session.

This reference maintains its upward trend, reaching maximum levels from 2018, driven by the recovery of global demand.

Meanwhile, VTI closed this Monday with a growth of 1.41% to $ 80.47, consolidating above $ 80 for the first time since 2014.

“The global energy crisis that is being prepared is just beginning, and all the big risks continue to support another big increase in oil prices. Russia can supply more natural gas to the EU, and the US can try to force OPEC + to supply more barrels of crude oil with threats to use the SPR, but that will not stop the cycle of oil super goods, “said Edward Moia, Senior Market Analyst at OANDA. i.

Yes that

Brent has been growing for five consecutive weeks; while U.S. crude oil, VTI, ends seven.



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