Oil Prices Today 8/7 Fell When The Dollar Strongly

Oil prices Today 8/7 decreased in the context of strong US currency up and the market began to assess the impact of OPEC when it was not possible through supply policies of supply: 00/1: 24 Southern region to early This morning (Vietnam time), the US WTI crude oil price traded at 72.21 USD / barrel, while Brent oil prices stopped at 73.43 USD / barrel. Oil prices continue to decline at the beginning of the day 7/7 after the market began assessing the deadlock level of the Oil Exporting Countries (OPEC) and partners (collectively OPEC) will make sense to the previous oil supply Eyes, balancing the supply of supply and demand and the future of the alliance. Before that oil price began to turn down on July 6, making the global gas supply uncertain and the dollar strongly

.Saxo Bank noted: " The risk does not have an agreement that increases the non-compliance with regulations (of OPEC), and the White House is urging to reach a compromise. In addition, a virus variant is spreading quickly with purchasing power. All helped trigger the way Tuning ". The stronger USD makes buying crude oil more expensive for those who hold other currencies. The oil market continues to assess the impact of obstructing OPEC in the approval of supply policies at the time of summer demand increasing. Besides, President Joe Biden's government has also called on OPEC resolves internal differences and started adding oil to the market, helping to reduce crude oil and gasoline prices. Binh An

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