Oil prices fell .. Brent recorded 88.87 dollars and 81.80 dollars for US crude


Today, Friday, oil prices continued to decline, as it recorded $88.87 per barrel for Brent crude futures contracts, and US West Texas Intermediate crude futures recorded $81.80 per barrel.

US Federal Reserve Chairman Jerome Powell said that oil prices have fallen significantly, despite the increase in energy prices due to the war in Ukraine.

The President of the US Federal Reserve added, during a press conference, that returning to price stability requires some strictness in financial policy.

In another context, the United Nations said that the donors had pledged to provide the $75 million required to transport oil from the Safer ship, located near the Yemeni coast, from which oil spill threatens to cause a massive environmental disaster, by starting the emergency operation necessary to transfer oil from the decaying ship to a safe ship. .

The Resident Coordinator of the International Organization in Yemen, David Gressly, told the United Nations, on Thursday, that reaching the required amount came after the Netherlands announced that it would increase its pledge from $7.5 million to $15 million, adding that to start the emergency operation as soon as possible, the United Nations needed to transfer All pledges to cash soon.

He pointed out that as of September 18, an amount of $59 million has been disbursed or is in the process of disbursement, pointing out that the United Nations also needs $38 million in funding to finish the task by installing a long-term safe replacement capacity for the Safer ship.

The international organization stated that the revised budget for the two-track plan needs 113 million dollars, including 75 million dollars for the emergency operation in addition to 38 million dollars for the replacement operation.

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