Brent oil falls to $82.23 per barrel

Economy 10:54 22.05.2024

Oil prices continued to decline due to concerns about global fuel demand, Ednews informs via Interfax.

July futures for Brent oil fell in price on the London ICE Futures exchange by $0.65 (0.78%) to $82.23 per barrel.

July futures for WTI fell in price in e-trading on the New York Mercantile Exchange NYMEX by $0.68 (0.86%) to $77.98 per barrel.

The fall in prices could be due to concerns that the Federal Reserve will have to wait a long time to cut rates, said CFRA Research analyst Stewart Glickman. Easing monetary policy will stimulate demand, but so far the market is not receiving this support, he added.

The American Petroleum Institute (API) reported that in the week ending May 17, oil reserves in the United States increased by 2.48 million barrels. The US Department of Energy will release its data later on Wednesday. Analysts surveyed by Trading Economics on average expect the data to indicate a decline in oil inventories of 3.1 million barrels.

IEPF issued a statement regarding Azerbaijani children at the UN Human Rights Council

News line

Zelenskyy says Ukraine has invitation to attend NATO summit
12:03 03.06.2025
Houthis say they attacked Tel Aviv’s Ben Gurion Airport
11:57 03.06.2025
Pakistan thanks Azerbaijan for support in localizing gas resources
11:50 03.06.2025
TPAO joins production sharing agreement for Shafag-Asiman offshore block
11:43 03.06.2025
US tariffs on steel, aluminum imports of 50% to take effect on June 4
11:50 31.05.2025
Lachin Rising: A Brotherhood of Steel Between Pakistan, Türkiye, and Azerbaijan
15:02 30.05.2025
"Türkiye welcomes Azerbaijan's efforts for peace in South Caucasus"
14:53 27.05.2025
Trump could exit Ukraine talks
13:56 27.05.2025
North Korea says US 'Golden Dome' risks 'space nuclear war'
12:01 27.05.2025
Hikmat Hajiyev meets with NATO Deputy Secretary General in Brussels
11:10 23.05.2025
Foreign diplomats visit Agdam Conference Center
21:35 21.05.2025
New Secondary School Opened in Gakh by Heydar Aliyev Foundation
21:22 21.05.2025
Azerbaijani and Turkish Presidents Meet One-on-One in Nakhchivan
21:03 21.05.2025
Opening ceremony of World Cup held in Baku
20:57 21.05.2025
Pashinyan, EU Envoys Discuss Armenia-Azerbaijan Peace
19:52 21.05.2025
New Deputy Appointed to Nakhchivan Education Minister
19:20 21.05.2025
Nakhchivan marks Türkiye’s National Sovereignty and Children’s Day
17:42 21.05.2025
F.Shafiyev: Azerbaijan-Türkiye unity is example of effective cooperation
17:35 21.05.2025
Azerbaijan to build circular power link in Karabakh
17:28 21.05.2025
Azerbaijan, Italy discuss prospects for defense cooperation
17:19 21.05.2025
Ilham Aliyev addresses conference on Western Azerbaijan in Ankara
17:14 21.05.2025
Ilham Aliyev: Azerbaijan and Türkiye uphold international law for regional stability
17:03 21.05.2025
President of Cuba congratulates President Ilham Aliyev
16:58 21.05.2025
Azerbaijani President: Digitalization of the Middle Corridor is a priority
16:53 21.05.2025
Erdogan: Ilham Aliyev will be remembered as a peacemaker
16:48 21.05.2025
TDT: Azerbaijan is very important for the development of the Turkic world
16:43 21.05.2025
Georgian minister discusses cooperation with Azerbaijani ambassador
16:35 21.05.2025
Azerbaijan, Türkiye mull prospects for development of military cooperation
16:29 21.05.2025
Azerbaijan and Croatia hold political consultations
16:24 21.05.2025
GlobE Network work plan for 2025 approved in Baku
16:18 21.05.2025
Talks between Azerbaijan and Armenia may be held at level of heads of state
12:21 19.05.2025
A Meeting of Nobles exhibition to open in Shusha
12:15 19.05.2025
Azerbaijan increases construction by over 2026
12:09 19.05.2025
How does space "sound"? -NASA created "music" from the sounds of black hole
12:03 19.05.2025
Azerbaijan joins Fez Festival of World Sacred Music
11:57 19.05.2025
Azerbaijan’s parliamentary delegation starts official visit to Spain
11:53 19.05.2025
EU countries agree on big defence fund with Azerbaijan- Diplomat Says
11:48 19.05.2025
Azerbaijan,Türkiye Hold Talks on Education Sector Cooperation
11:42 19.05.2025
Azerbaijani delegation attends Russia-Islamic World: Kazan Forum 2025
11:36 19.05.2025
The official opening of the Azerbaijani carpet exhibition took place in Chisinau
11:31 19.05.2025
Hamısı