Record the biggest weekly increase in the price of black gold/crude oil prices decreased

According to the International Economic Group of Fars News Agency, today in the global markets, the price of crude oil decreased due to concerns about the consequences of the interest rate increase by the European Central Bank, but it still recorded its biggest weekly growth in the last 10 weeks.

The increase in oil prices this week was affected by the decrease in oil supply to the market by OPEC and Russia, and the market’s hope for an increase in demand from China has increased due to the improvement of the Corona situation and the Chinese economy.

Today, the price of Brent crude oil decreased by $1.8, equivalent to 2.2%, to $79 and 41 cents. West Texas Intermediate oil also decreased by $1.87, equivalent to 2.5%, and each barrel of this type of oil sold at $74 and 24 cents. Sold out.

According to this report, today both oil indices recorded a 2% decrease compared to the previous sessions, which had the greatest impact on the strengthening of the dollar and the increase in interest rates by the European Central Bank.

Yesterday, the European Central Bank added half a percent to its previous increases and increased the interest rate in this area to 3.5 percent, which is the ninth increase since the beginning of this year.

The European Central Bank actually continues the policy of the American Federal Reserve to curb inflation, but international organizations say that this is not the right policy and that this policy will lead America and Europe to economic stagnation.

It is predicted that England will enter recession at the end of 2023 and America in the spring of next year.

Experts say that Europe is using America’s failed policy to increase interest rates, it is completely wrong, because in fact, the economic structures of Europe are completely different from America, what is affecting the European economy now is energy and food, but this problem in America is The work status is returned.

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