Brent and Texas oil barrel prices today December 19: How much is it and how much is it trading? code list

After closing the previous week with a slight downward trend, On the morning of this December 19, oil dawns relatively stable.

For this Monday, futures for Brent and West Texas Intermediate (WTI) contracts registered a slight increase of less than one percent, thus the figures in relation to the closing of Friday, December 16 they are stable.

Having said this, black gold is still struggling to get back to $80 a barrel after a sharp drop last week. The behavior of the energy market is the result of the pessimism regarding the economic recovery of China, which is the world’s largest oil importer.

Despite having made the zero covid-19 policy more flexible, The truth is that the prospects for economic recovery in Beijing are low, which has negatively affected oil prices. However, the country asks for patience, since it assured that the reopening of the economy will eventually increase demand for the fuel.

Regarding the situation in the United States, The Department of Energy announced that it will begin to buy back the barrels of its Energy ReserveBeing the first buyback program since the country released 180 million barrels with the aim of containing the fuel prices.

You may also be interested: Price of the dollar today December 19: Exchange rate in Honduras, Mexico, Guatemala, Nicaragua…

Price of a barrel of Brent and Texas oil today December 19: how much is it and how much is it trading?

According to the latest update of oil price chartsfamous website with more than 150 oil indices and blends, For this Monday, December 19, a barrel of Brent crude is trading at $80.14 dollars, while the WTI is at $75.62 dollars.

The prices of both references rose less than one percent from the prior week’s closewhen Brent was trading at $79.04 and the US equivalent, West Texas Intermediate, at $74.29.

Leave a Comment