Oil drilling rigs
International benchmark Brent crude closed lower today, Nov. 29, as investors weighed the upcoming OPEC+ meeting and the prospects for demand for crude.
Trading remained volatile with sharp fluctuations in prices following reports that the Organization of the Petroleum Exporting Countries and its allies (OPEC+) was considering deepening production cuts during it meeting on Dec. 4.
On the other hand, China announced that it will increase vaccination efforts against COVID-19 in the country, after protests against strict restrictions related to the pandemic.
The markets are also following the discussions of the European Union governments regarding the maximum price of Russian oil, amid ongoing disputes between member states over the price level of crude.
Brent crude fell 0.2%, or 16 cents, to settle at $83.03 a barrel, after swinging between $82.39 and $86.
WTI crude rose by 1.2%, or 96 cents, to $78.20 a barrel.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}