The price of oil decreased Fars news

According to the report of Fars International Economic Group, quoted by Reuters, following the increase in the number of corona patients in China and the strengthening of concerns about the disruption in the improvement of the country’s economic process, which can limit the demand for fuel, the price of oil decreased in today’s transactions. Found.

Brent oil was down 50 cents at $83.83 per barrel, and US crude was down 49 cents at $79.04 per barrel.

The price of both oil indices reached the highest level in the last 3 weeks on Tuesday, on the hope of improving demand with the announcement of a new reduction in the corona restrictions in China.

CMC market analyst Leon Li said in this regard: “Even with the reduction of corona restrictions, it is difficult to improve demand (in this country) in the short term due to the sharp reduction in the activities of Chinese people outside the home due to the increase in the number of infected people. Is.”

Oil refineries in America resumed their activities on Tuesday. Dozens of refineries were closed all over the country due to the frost.

On the other hand, it is expected that US crude oil reserves decreased by 1.6 million barrels per day last week.

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