Fuel prices have mixed as supply fluctuations continue

Ankara

Oil prices fell on Tuesday due to a series of instability, analysts said, adding that inflation could prolong inflation caused by the supply crisis.

International Standard Brent bought the previous session for $ 83.65 with a 0.09% gain of 1028 GMT for $ 83.73.

Benchmark West Texas Intermediate (WTI) decreased by $ 80.48 per barrel after completing the previous session at $ 80.52.

Following the Covenant-19 epidemic, the recovery of crude oil faster than expected, supply shortages and power outages continued to hit countries around the world as oil prices soared in recent years. .

WTI crude traded at $ 82.17 a barrel last season, hitting a record high of $ 82.88 per barrel since October 2014. Brent peaked at $ 84.59 as of October 2018.

Coal and gas prices, which make oil a more desirable option for power generation before the winter warming, are also raising fuel prices, raising concerns that inflation will remain higher than expected.

Analysts estimate that switching from natural gas to oil could result in an increase in oil consumption from 250,000 barrels to 750,000 barrels per day.

Meanwhile, China plans to increase the capacity of some mines to increase coal production. India, the world’s second-largest coal exporter, is also facing power outages and power outages.

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