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Crude oil futures fell Brent For delivery in October, $ 1.17, or 1.2 percent, to $ 95.55 a barrel by 0054 GMT, with fears of a slowdown in demand in China due to the energy crisis in some areas, which has also affected the prices.
and landed US West Texas Intermediate Crude Oil Futures Contracts For delivery in September, which is expected to end on Monday, it added $ 1.12, or 1.2 percent, to $ 89.65 a barrel. The October contracts were registered
$ 89.29, down $ 1.15 or 1.3 percent.
The price of Brent and West Texas Intermediate each rose for a third consecutive day on Friday, but fell about 1.5% during the week due to the increase. dollar and concerns about the question.
Hiroyuki Kikukawa, general manager of research at Nissan Securities, said: “Investors are concerned about the possibility of raising the Reserve Bank powered A high interest rate could cause an economic slowdown and drain demand for fuel.
“Restrictions on the use of electricity In some areas of China it is also a concern because it can affect economic activity”.
State media and a power company reported that Sichuan province in southwest China last week began limiting the supply of electricity to homes, offices and shopping malls due to the severe energy crisis caused by the outbreak. . extreme heat waves and drought
The effect is also high dollarwhich hovers around the highest level of the last five weeks, on prices oil Crude oil because it makes oil more expensive for buyers in other currencies.
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Crude oil futures fell Brent For shipping in October, $ 1.17, or 1.2 %, to $ 95.55 a barrel by 0054 GMT, with fears of a slowdown in demand from customers in China owing to the electricity disaster in some locations, which has also affected the prices.
and landed US West Texas Intermediate Crude Oil Futures Contracts For shipping and delivery in September, which is predicted to end on Monday, it added $ 1.12, or 1.2 %, to $ 89.65 a barrel. The October contracts were being registered
$ 89.29, down $ 1.15 or 1.3 percent.
The price tag of Brent and West Texas Intermediate just about every rose for a third consecutive working day on Friday, but fell about 1.5% in the course of the 7 days because of to the improve. dollar and issues about the issue.
“Investors are involved about the possibility of a Fed hike,” explained Hiroyuki Kikukawa, standard supervisor of investigation at Nissan Securities. powered A superior desire price could cause an economic slowdown and drain need for gasoline.
“Restrictions on the use of electrical energy In some areas of China it is also a bring about for worry because it can have an impact on economic action. “
State media and a ability corporation noted that Sichuan province in southwest China previous week commenced restricting the offer of electrical energy to houses, offices and buying malls due to the serious energy crisis brought about by the outbreak. . extraordinary heat waves and drought
The effect is also significant greenbackwhich hovers close to the optimum stage of the very last five months, on price ranges oil Crude oil simply because it will make oil additional high-priced for consumers in other currencies.
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