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WTI oil prices fall, but year-round price increases are expected to be the most in 12 years : InfoQuest

WTI crude futures fell after closing in positive territory for seven days in a row, but year-over-year, oil prices are expected to rise the most in 12 years, helped by the economic recovery. The world is recovering from the Covid-19 crisis. while the producer group still has production control Even though the number of infected people continues to increase around the world

As of 6:44 p.m. Thai time, the West Texas Intermediate Crude Oil (WTI) contract was delivered in February. Trading on the NYMEX was down 78 cents, or 1.01%, to $76.21 a barrel.

On the last trading day of this year When calculating the total year Brent crude futures are expected to rise 53%, while WTI is expected to rise 57 percent, their biggest gain since 2009, when they were up more than 70 percent.

The market continues to receive positive factors, several institutional research indicates that The risk of being infected with COVID-19 Omicron strains have fewer hospital admissions than those infected with Delta strains. Including a report from the US government’s Energy Information Administration (EIA) that crude inventories fell 3.5 million barrels last week. More than analysts expected a decline of 3.2 million barrels, indicating that US oil demand remains strong

By InfoQuest News Agency (31 Dec. 64)

Tags: WTI, WTI Oil, Oil Prices

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