The price of a barrel of Brent and Texas oil today, October 23: How much does it cost and how much does it cost?

The Continuing volatility around oil futures And although energy markets are closed on Sunday, it doesn’t hurt Stay informed of the latest fluctuations in crude oil prices.

Closed on Friday, October 21 Brent and West Texas Intermediate futures contracts (West Texas Intermediate) Recorded a slight increase of about a dollar.

Crude oil price hike Buoyed by expectations of higher demand in China, Well country It announced the reduction of restrictions in its zero covid-19 policy. In addition, the Production cuts announced by the Organization of the Petroleum Exporting Countries and its allies (OPEC +) They were also another major factor.

As for China, The country announced that it will reduce the quarantine from ten to seven days for all visitors, While OPEC + revealed that It will reduce production by two million barrels of oil per day.

Along the same lines, The weakness of the dollar also led to fluctuations in the energy trade, In addition to expectations around to the next increase in interest rates by the United States Federal Reserve (Fed).

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The price of a barrel of Brent and Texas oil today, October 23: How much does it cost and how much does it cost?

With the market closed and according to the latest update of Oil price chartsa site with more than 150 blends of oils, For Sunday, October 23, the price of a barrel of Brent crude oil was set at $93.50, While the American equivalent, The average West Texas Intermediate is $85.05.

Taking into account the numbers for the day before closing – Thursday 20 October – Brent gained 1.21 percent, or the equivalent of $1.12. at the same time West Texas Intermediate crude rose 0.64 percent, or $0.54.