After the longest series of losses… oil prices recovered relatively in global markets today, December 11

Today, Monday, December 11, 2023, oil prices witnessed a new rise in global markets after a decline and significant losses that continued for more than a week, coinciding with the United States’ efforts to continue gains and revive its strategic reserves, and this matter contributed to providing some support.

Despite this, investor concerns still persist, as does tension in the Middle East, fearing weak growth in fuel demand next year.

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Futures contracts rose, bringing the price of Brent crude to $76.43 per barrel, an increase of 0.78%, while the price of US West Texas Intermediate crude reached $71.76 per barrel, an increase of 0.74%.

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