A discount fuel store, a pedestrian was injured in the middle of the road, took the whole. Don’t be a health moron. Benzene has risen by 24 hals per liter in the past seven days, and is now selling for 38.64 crowns per liter, i.e. the most expensive since November. The price of diesel in the past week increased by twelve hals per liter to 38.53 crowns per liter. The reason is the relatively significant increase in the price of Brent crude oil on the world markets, which is in the second half of the current year and at the level of 87.70 dollars per barrel, the highest since the beginning of November.
You can reach this oil source roughly from the middle of the road. Both the OPEC cartel and its allies in the fight with Russia, as well as the intensifying geopolitical tension, depended on him.
OPEC and its allies have decided to extend the world’s cut of two million barrels per day until mid-summer. In this way, he wants to avert the threat of a drop in oil prices, which would be caused by its global surplus. Five weeks ago, the representative of the cartel and his ally met for further negotiations, and so far there is no indication that they will change their position from the meeting.
The increase in the price of oil is thus supported by the flow of Ukrainian drones on the Russian energy infrastructure and the flow of Yemeni rebels on oil tankers in the Red Sea and the Aden Basin. The demand for oil in Asian countries such as India is also increasing.
In the context of the increase in fuel prices, in addition to the rise in oil prices, the koruna will also weaken against the dollar to near the maximum for the same period from 2022.
In the fifth week, it is necessary to deal with a further reduction of fuel in the tank, in the range of around 20 hal per liter. By April, prices may rise above the psychological level of 40 crowns per liter.
Luk Kovanda, Ph.D.
Chief Economist, Trinity Bank
TRINITY BANK
Trinity Bank has been operating on the financial market for 25 years, and the transformation of the Moravský Penn status of the cooperative was created. It has more than 92,000 clients and its balance sheet amount exceeds K65 billion.
Trinity Bank specializes in private and corporate banking, for natural persons it focuses mainly on deposit and savings products, which offer superior value for money.
More information at: www.trinitybank.cz
Tags: Threat increase fuel prices Due mix moles weakening crowns flow Ukrainian drones Yemeni rebels
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