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Raw material: oil falls

07/01/2026
Source : ORISHAS FINANCE
Categories: Raw materials

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After President Donald Trump announced that the United States had reached an agreement to import for 2 billion Venezuelan crude oil dollars, a measure that is expected to increase supplies from the world's largest oil consumer, prices oil fell on Wednesday.

The price of Brent crude oil fell by 81 cents, or 1.3%, at 59.89 dollars per barrel at 05:50 GMT, while the price of oil American crude West Texas Intermediate fell by $1, or 1.7%, to $56.13 per barrel.

Both benchmarks increased their drops of more than 1 dollar compared to the previous session, the players in market expecting an abundant global supply this year.

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