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There was no significant change in oil prices today, Tuesday, as traders are studying a set of disturbing and conflicting data on the levels of supply and demand, with increasing tension in the Middle East region and problems related to cold weather causing a disruption in production in the United States.
Brent crude futures fell two years to $80.04 per barrel, while US West Texas Intermediate crude futures fell to $74.75 per barrel.
The two crude oil prices rose by about 2% yesterday, Monday, as a Ukrainian drone attack on the Ust-Luja fuel export station of the Novatek company raised concerns about supplies and thus an increase in prices. Analysts expect that Novatek will largely resume its operations there within weeks.
Source: Arabic