(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 22. World oil
prices show a decline due to uncertainty with the US public debt,
According to trading data, the price of July futures
for Brent Crude Oil is decreasing by 0.77 percent to $75 per
barrel, and July futures for WTI - by 0.78 percent to $71.13.
The White House and the Republicans controlling the
House of Representatives in Congress are continuing negotiations on
raising the US public debt ceiling.
Speaker of the US House of Representatives Kevin
McCarthy said he would meet with US President Joe Biden for talks
on the issue later on Monday.
The continuing uncertainty around the prospects of
public debt makes oil traders avoid risks, which leads to a
decrease in oil prices.
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