Oil prices ends with mixed figures due to provision, request...| MENAFN.COM

Tuesday, 16 August 2022 04:09 GMT

Oil prices ends with mixed figures due to provision, request fears


(MENAFN) Oil costs were in mixed figures on Tuesday on low provision worries because of a strike in Norway’s oil and gas area whereas the forecast of a worldwide financial recession remains to fan weak request woes.

International main Brent crude was exchanging at USD113.04 a barrel at 0705 GMT for a 0.40 percent decline after the prior session ended at USD113.50 per barrel.

American main West Texas Intermediate (WTI) stood at USD109.72 a barrel at the same time for a 1.19 percent earn after the prior session ended at USD108.43 per barrel.

In line with the Norwegian Oil and Gas Association (NOG), prices earned backing after Norway's oil and gas area employees on Tuesday started a strike that is set ready to have a massive effect on gas shipment, with anticipated losses of about 13 percent of the country’s daily gas exports.

Operations closed down at Equinor's Gudrun, Oseberg South as well as Oseberg East overseas platforms as an outcome of the strike.

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