Brent crude oil reached $109.8 in today's trading, indicating an increase of $0.29 and a growth of 0.26%. Meanwhile, WTI crude oil was traded at $98.72, experiencing an increase of $0.18 and a growth of 0.18%.
Changes in the Prices of Murban Oil and Other Products
Murban crude oil saw a decrease of $2.26 (equivalent to 1.99%) standing at $111.1. Additionally, natural gas also witnessed a drop of $0.036 (1.18%) to a price of $3.022. In the section of other products, gasoline was reported at $3.201 with an increase of $0.009 (0.30%) and heating oil was reported at $4.946 with a growth of $0.026 (0.53%).
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Developments in the OPEC and Indian Oil Baskets
Midland WTI oil also achieved a significant jump of $2.38 (2.33%) reaching $104.5. Meanwhile, the OPEC basket fell by $3.60 (3.23%) to $108.0, and the Indian basket, which belongs to the past 4 days, decreased by $8.23 (6.79%) to $112.9.
A link to access over 150 global oil prices is also available to users. These price fluctuations in the global market indicate instability in the demand and supply of crude oil, which will have significant impacts on the energy industry.
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