Oil markets see mixed price trends
Oil prices experienced noticeable fluctuations during the week from August 17 to August 21. The average price of OPEC's basket of crudes was $91.20 per barrel, moving between a low of $87.49 and a high of $94.91. Brent crude oil averaged $89.47, varying between $85.95 and $92.98. Meanwhile, the average price of Texas Intermediate was $84.60, ranging from a low of $81.50 to a high of $87.69. The volatility is attributed to multiple factors, including geopolitical tensions, risks of supply disruptions, OPEC+ production decisions, changes in global demand, as well as the influence of the dollar's movement and speculation in financial markets.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)