The early hours of the morning of the sixteenth of March witnessed a decline in futures prices for global benchmark Brent crude by approx 51 cents on average 0.63%, bringing the price of one barrel to 80.50 US dollars.
And on the sideOn the other hand, US West Texas Intermediate crude futures witnessed a decline of 54 cents, or about 0.62%, and the price of one barrel reached 84.63 US dollars.
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This is due to the increase in global demand in recent days and the matter is due to some data from the US Energy Administration regarding the decline and scarcity of oil reserves in the United States of America.
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