Brent oil oil on Thursday is traded on international exchanges at a price of $ 82.35 per barrel.
At the last auction on Wednesday, the cost of a barrel of oil of this reference brand completed the day at the mark of $ 83.12.
as of 09:20, April 20, the price of the reference brand of oil decreased by 0.92 percent – to $ 82.35 per barrel. The cost of WTI oil futures was $ 78.47 per barrel.
The price reduction was affected by the strengthening of the dollar against the backdrop of expectations of raising interest rates and the fact that the latest economic data from the United States and China did not live up to the restoration of demand.
According to the report of the US Federal Reserve “Beige Book”, the general economic activity in the country has not changed much in recent weeks, just as the expectations of future growth have not changed mainly.
Increasing the dollar in relation to other currencies also made oil nominated in dollars more expensive for customers using other currencies, which led to a reduction in procurement and reducing cost.