Brent and Texas oil barrel prices today, January 30: how much does it cost and how much is it trading?

The oil widens his fall and start the day down.

For the morning of this Monday, January 30, the Brent and West Texas Intermediate contracts (WTI) registered a fall of more than one percent in relation to the figures for the closing of the week of January 27.

The drop in crude oil prices is the result of expectations regarding the next interest rate hikes by the Central Banks. USA will announce its rise next Wednesday, February 1, while the Banks in Europe and England will do the same on Thursday 2.

Added to itthe strength in Russian crude exports have been a key factor in the performance of the energy market, Well this helped counteract both the tension in the Middle East after a drone attack in Iran, and the increase in demand in China, the largest importer of oil globally.

In addition to monetary policy meetings, The market is also attentive to the next meeting of the Organization of Petroleum Exporting Countries and its allies (OPEC+), which will be held next Wednesday with the aim of reviewing production levels for the week; however, it is unlikely that the levels will be adjusted.

We do not wait no change in group production policygiven the persistent uncertainty that shadows the marketboth from the point of view of supply and demand”, points out the ING.

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Brent and Texas oil barrel prices today, January 30: how much does it cost and how much is it trading?

According to the most recent update of Oil Price Chartsa renowned website with more than 150 global oil indices and mixes, For this Monday, January 30, a barrel of Brent crude is trading at $85.69 dollars, while the American equivalent, West Texas Intermediate, is at $78.61 dollars.

Brent and Texas oil barrel prices today, January 30


Brent and Texas oil barrel prices today, January 30

Both referential fell about one percent in relation to the close of January 27, when a barrel of Brent crude was quoted at $86.66 dollars and WTI at $79.68 dollars.

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