Oil and natural gas pull back after Thursday’s bullish spirals

Oil and natural gas pull back after Thursday’s bullish spirals

The barrel of Brent, a reference for Europe, was at 99.86 dollars this Friday and the West Texas Intermediate, used as a reference in the United States, fell to 92.85 dollars.

The market price of futures contracts for both the oil and natural gas have evolved this friday downafter they were fired on Thursday after the start of Russia’s invasion of Ukraine.

The brent barrel, of reference for Europe, has been located at 99.86 dollars this Friday, compared to 105.57 in which it came to be on Thursday morning. On your side, the barrel West Texas Intermediateused as a reference in the United States, has fallen to 92.85 dollars, after reaching 100.34 dollars on Thursday.

However the barrel Of OPEC Crude Oil, Organization of Petroleum Exporting Countries, quoted on Thursday at 101.22 dollars. OPEC had not broken the $100 per barrel mark since September 2014.

As for gas, natural gas futures, which are traded on the Dutch platform TTF and are a reference for the whole of Europe, have fallen by more than 20%, after the upward spiral of recent days.


Source: Eitb

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