Oil Plunges Further and Breaks New Milestone; See Reasons.

Written by Paulo Nogueira

Published on 05/12/2023 at 19:44

$investidores, demanda fraca, petróleo, valor, cotações, Opep+, produção, cortes, fechamento, dividendos, volatilidade, analista, commodities, mercado, dólar.$

Os preços do petróleo voltaram a cair forte nesta terça-feira e agora rompem novo marco: o menor valor em cinco meses. Os futuros do petróleo Brent caíram

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Oil Prices Have Fallen Again And Broken A New Record, With Brent Crude Futures Registering A Sharp Decline.

Investors are worried about the weak demand for the commodity, which resulted in another drop in oil prices this Tuesday. Brent crude futures fell 1.1%, reaching $77.20 per barrel, while U.S. West Texas Intermediate (WTI) crude slipped 1.0%, hitting $72.32. Additionally, a stronger dollar also contributed to the decrease in prices.

According to Craig Erlam, an analyst at the data and analytics company Oanda, the OPEC+ agreement to voluntarily cut production by about 2 million barrels per day for the first quarter of 2024 had little impact on prices. The most recent close represents the lowest value reached in the past five months, with a consecutive decline over four days indicating a loss of confidence among traders in the market. Relevant OPEC+ members, such as Saudi Arabia and Russia, which produce more than 40% of the world’s oil, have failed to boost prices even with the initiative to cut production. The lowest close for both contracts was the worst since early July, reaching levels not seen since then. For WTI, this was the first time prices have decreased for four consecutive days since May.

Source: MoneyTimes

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Oil Plunges Further and Breaks New Milestone; See Reasons.

Oil Prices Have Fallen Again And Broken A New Record, With Brent Crude Futures Registering A Sharp Decline.

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Oil Plunges Further and Breaks New Milestone; See Reasons.

Oil Prices Have Fallen Again And Broken A New Record, With Brent Crude Futures Registering A Sharp Decline.

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

A “silent skill” is allowing Brazilians to earn up to R$ 22,000 per month without a degree and become indispensable for companies that rely on millions of data to survive.

Diagnostic test

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

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