Today, oil prices recorded 94.13 dollars per barrel, for the futures contracts for the international standard, Brent, and the US West Texas Intermediate crude futures recorded 93.46 dollars per barrel.
Oil prices achieved weekly gains for the eighth consecutive week, at the conclusion of trading sessions in the futures markets last Friday, and the international benchmark Brent crude contracts recorded weekly gains of 1.3% compared to the end of the previous week.
US West Texas Intermediate crude contracts also recorded a weekly gain of 0.9% compared to the end of the previous week,
The US imports of crude oil decreased during the month of December 2021 by 0.1% to reach about 6.3 million barrels per day, while its exports of crude oil increased by 0.2% to reach about 3 million barrels per day, according to the monthly bulletin on petroleum developments in global markets in January. 2022. The report issued by the Organization of Arab Petroleum Exporting Countries “OAPEC” added that the US imports of petroleum products decreased during the month of December 2021 by 3.3% to reach about 2 million barrels per day, and its exports of oil products decreased by 5.6% to reach about 5 million barrels per day.