Oil declines after 3 sessions of rise, and “Brent” is below $ 74

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Thank you for reading the news about oil drops after 3 sessions of rise, and “Brent” is below $ 74 and now with the details

Dubai – Bassam Rashid – Forex news today, oil prices fell during trading on Monday, despite the dollar’s decline against most of the major currencies, with renewed concerns about global demand.

This comes in light of the continued efforts of governments around the world to control the outbreak of the Corona virus, especially with the emergence of the most deadly and fastest spreading “delta” strain in some countries.

The data of “Baker Hughes” on Friday showed that the number of rigs drilling for oil in the United States increased by about 7 rigs last week.

On the other hand, the dollar index fell – against a basket of major currencies – by 15:19 GMT by 0.4% to 92.5 points, and recorded the highest level at 92.9 points, while recording the lowest level at 92.5 points.

In terms of trading, US “NYMEX” crude futures for August delivery by 15:13 GMT fell 0.5% to $ 71.6 a barrel, and crude recorded the highest price at $ 72.4 and the lowest price at $ 70.5.

Brent crude futures for September delivery fell 0.2% to $73.9 a barrel, recording the highest price at $74.5 and the lowest price at $72.7.





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