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2 August 05:23

Oil prices fell 2.8% due to a possible increase in OPEC production and a disappointing US labor market report.

Delia Niculescu

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International

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Brent crude oil prices fell 2.85% to 69.66 dollars a barrel and WTI lost 2.83% to 67.31 dollars a barrel amid fears that OPEC could increase production. In addition, a US Labor Department report showed lower-than-expected job growth, heightening concerns about energy demand. New trade tariffs imposed by Trump could also affect global oil flows, especially Russian exports.

Sources

Preţurile petrolului au scăzut vineri cu 2,8% din cauza temerilor privind oferta OPEC+ şi a datelor slabe din piaţa muncii din SUA

Piața petrolului este în declin: îngrijorările privind oferta OPEC+ și cifrele economice slabe din SUA trag cotațiile în jos

ȘTIRI PE ACELEAȘI SUBIECTE

Economy

Oil prices fell by approximately 2%, amid American sanctions against Russian companies and the possible increase in OPEC+ production.

Economy

Oil prices have risen by 5% after the sanctions imposed by the USA against the Russian energy giants, Rosneft and Lukoil, in response to the war in Ukraine.

Economy

Oil prices have risen significantly after the US imposed sanctions on the Russian companies Rosneft and Lukoil due to the war in Ukraine.

Economy

Fuels could continue to become more expensive in Romania, as a consequence of the sanctions imposed by Donald Trump on the giants Lukoil and Rosneft.

Economy

The European stock market closed on Friday in negative territory, following the decline of inflation in the eurozone to 2.1% and the mixed financial results of companies.

Economy

The price of gold has decreased by 2.01% to 4,025 dollars per ounce, amid trade progress between the USA and China.

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oil price drop OPEC+ concerns

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