هل يتجاوز سعر برميل النفط عتبة الـ100$ قريباً؟
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00:00 Does the price of oil over $100 touch the $120 level as expected by JP Morgan?
00:10 So, we note at the beginning that today the exchange rates are not predicted that the price of oil can exceed $100.
00:20 This comes after oil prices rose significantly in the first two weeks of September. Oil prices have reached their highest levels since September 18.
00:33 We note that the number of oil prices has exceeded 1,500,000.
00:37 This comes after Saudi Arabia and Russia announced that they will continue to reduce oil supplies by 1.3 million barrels per day until the end of 2023.
00:51 This step, according to Saudi Arabia and Russia, is aimed at creating a balance between supply and demand.
00:58 One of the main reasons for oil prices to rise today is the slow economic recovery in China. China is the main market for Saudi oil prices.
01:09 Today, the slow economic recovery in China is affecting oil demand, which is also causing oil prices to rise.
01:21 We also note that today, it is possible for Europe to resume economic recovery.
01:28 This is because the largest economies in Europe, including Germany and France, still have high inflation rates.
01:36 This, of course, affects the rise in oil demand.
01:41 This is why the slow economic recovery in Europe is causing oil prices to rise.
01:49 So, the question remains, can oil prices really exceed $100?