The delivery of a 159-litre barrel of Texas crude oil scheduled for May required a payment of 94.40 dollars (81.59 euros) this morning, European time. This represented a decrease of 1.15 dollars compared to the previous Thursday’s price. Reuters reports that spring futures contracts for North Sea Brent crude oil in London have decreased by 45 cents, settling at 108.20 dollars (93.52 euros) per barrel.
Several nations, including the United Kingdom, France, Germany, Italy, the Netherlands, and Japan, declared their readiness to support measures guaranteeing the secure transit of ships through the Strait of Hormuz. This waterway handles approximately one fifth of global oil trade. Traders are also evaluating statements from key figures, such as Israeli Prime Minister Benjamin Netanyahu’s assertion that Iran has been severely weakened and the conflict will conclude rapidly, alongside similar declarations from the United States, the United Kingdom, and France concerning the oil market.
The price of dollars remains a critical factor in this volatile situation.
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Oil prices have fallen, with Qatar issuing a warning regarding potential long-term impacts.