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The Mujahideen Movement: The two were killed along with dozens of others from their family in a cowardly Zionist assassination that targeted the Sabra neighborhood today
The Palestinian Mujahideen Movement mourns the martyrdom of its Secretary-General, Asaad Attiya Abu Sharia "Abu Al-Sheikh", along with his brother Ahmad
Abu Zaid: I believe that the Iranian operation was multi-layered, combining cyber and electronic attacks with coordinated on-the-ground infiltrations by agents
Abu Zaid: Usually, archives of such sensitivity are typically protected by a full-scale security system, but it appears that Iranian intelligence managed to make use of a gap in it
Strategic military expert Nidal Abu Zaid: Iran has stripped "Israel" of the superiority and deterrence long boasted by its security minister, chief of staff, and other top officials
Fallahpour: Iran may use these documents in its battle with the United States and Western countries over its nuclear program
Fallahpour: Iran may have obtained additional documents related to "Israel's" regional projects, not just its nuclear program
Fallahpour: The coming weeks will be full of surprises, as Iran has forced Israeli intelligence agencies into a state of psychological exhaustion
Al Mayadeen's correspondent in Tehran, Siavash Fallahpour: Iran has redefined the concept of deterrence, shifting it away from traditional military balance toward a new strategic framework
Sources to Al Mayadeen: Number of documents so great that merely studying them, along with accompanying images and footage will require a great deal of time.

Brent crude slides below $83 a barrel

  • By Al Mayadeen English
  • Source: Agencies
  • 21 Nov 2022 19:17
2 Min Read

Brent crude falls below $83 for the first price since the end of September, as Saudi Arabia and other OPEC members are said to be negotiating an increase in output.

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  • The sun sets behind an idle pump jack near Karnes City, USA. (AP)
    The sun sets behind an idle pump jack near Karnes City, USA (AP)

Global oil prices plummeted 5% on Monday, with Brent crude sliding below $83 per barrel for the first time since September 27, as Saudi Arabia and other OPEC members are said to be negotiating an increase in output.

As of 14:27 GMT, January Brent crude futures were down 4.9% to $83.33 per barrel, while January WTI futures were down 4.71% to $76.36, as per trading data.

The world's most liquid oil contract, WTI crude oil futures, which is also the US benchmark because it has the largest share of total US production, fell below $80 on Friday.

In this past week alone, it went down to more than 11% despite declining inventories and OPEC+ cuts. 

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Reasons for this drop are various but according to speculators, it is likely due to concerns over geopolitical tensions and the possibility for China to close down its borders due to rising numbers of Covid cases. 

But China has technically re-opened, which means that demand should go up.

As winter is approaching, energy consumption should go up. But that also does not seem to be happening.

As the US dollar has come under some serious firepower on the downside, the price of oil is supposedly higher in dollar terms.

But when the US dollar is strong, fewer US dollars are required to buy a barrel of oil. Around 1305 GMT, a barrel of WTI for delivery in December was down 1.9 percent at $80.08.

As for the main EU contract, Brent for delivery in January went down 1.6 percent at $88.33.

  • Brent crude oil
  • US
  • global markets
  • China
  • Russia

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