00:00The Organization of Oil Exporting Countries and its main producer, OPEC,
00:04is a prospect of demand.
00:06Yes, we mean that the price of crude oil has fallen to the lowest level in three years.
00:13The price of brand oil has been at the lowest level in three years or since December 2021.
00:19The price of crude oil has weakened,
00:21after OPEC Plus revised the decline in demand estimates this year and in 2025.
00:27This also balances the team's concerns from Badai Tropis Francine in the United States.
00:34The price of international brand crude oil is expected to close at 3.69%
00:39to US$69.19 per barrel.
00:43As for US crude oil, the price of West Texas Intermediate to WTI
00:48is expected to close at 4.31% to US$65.75 per barrel.
00:54The price of both brands is more than US$3 per barrel during the session
00:59after each of them jumped by about 1% at the closing on Monday.
01:04OPEC also revised the global demand estimates in 2025
01:08to become 1.74 billion BPH or 1.78 billion BPH.
01:13The price has fallen due to weakening global demand prospects
01:16and the expectation of an oil supply surplus.
01:23For more information visit www.fema.gov
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