With the “crisis” of the Suez Canal .. An “unexpected” development in the oil price


Brent crude futures fell $ 1.33, or 2.1 percent, to $ 63.08 a barrel by 05:59 local time. GreenwichAfter jumping six percent during the night.

And landed West Texas Crude Futures The US median was $ 1.40, or 2.3 percent, to $ 59.78 a barrel, after rising 5.9 percent overnight.

Prices fell earlier in the week due to concerns about tightening pandemic restrictions in Europe and delayed distribution of vaccines, which is hampering fuel demand growth, but they reversed course strongly on Wednesday due to news about Delinquency of a ship at Suez Canal This could block the route of ten tankers carrying 13 million barrels of oil.

There are ten ships in five waiting areas to pass through the 200-kilometer-long canal, as more of the area approaches.

The market also received support, on Wednesday, due to data showing improved demand for benzene at United State Refinery operations are rising, while data also shows strong economic activity in the euro zone this month.

But analysts say these supporting factors are overshadowed by the growing concern about global demand.


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