The Dhaka Times Desk The price of fuel oil in the international market has decreased by another step. Oil prices skyrocketed after Russia's attack on Ukraine.
The price of this important commodity has been trending lower for the past few weeks. Several countries have also raised interest rates to control inflation. As the risk of global recession intensified, oil demand also fell. In addition, the dollar's value has also reduced the purchasing power of many countries. That is the main reason why the price of oil is falling.
It was seen yesterday (Monday), the price of Brent crude fell by 54 cents or 0.63 percent to 85.61 dollars per barrel. In addition, the price of West Texas Intermediate decreased by 48 cents or 0.61 percent to 78.26 dollars per barrel. Earlier on Friday, oil prices fell nearly 5 percent in a single day to hit an eight-month low. At this time, the price of crude oil benchmark Brent in the international market decreased by 4.8 percent or 4.31 dollars per barrel to 86.15 dollars.
On that day, the price of West Texas Intermediate, the benchmark oil of the United States, also decreased by 4.8 percent or 4.75 dollars per barrel to 78.74 dollars.
On September 21, the Federal Reserve Bank of the United States announced a jump in interest rates by 75 basis points. Other central banks of the world have increased interest rates in line with this. This has raised the risk of economic recession again. The US dollar reached its highest level against several major currencies since May 2002. A stronger dollar makes it more expensive for buyers to buy fuel using other currencies, which reduces demand.
Things to do to prevent Corona virus
# try to stay at home all the time.
# Follow the rules and use mask when going out for emergency.
# three-layer cloth mask can be washed if desired.
# wash clothes after coming home from outside. Or hang it without shaking for at least four hours.
# Wash hands thoroughly (for at least 20 seconds) with soap or liquid before coming outside.
# plastic PPE or eyes, face, head must be washed thoroughly with detergent and dried after one use.
# Wear PPE made of cloth or clean as described.
# Use a head cap that completely covers the hair.
# Those who have sneeze cough should follow all the rules promulgated by the government. Also, wash hands as directed before and after handling food items, keys, switches, mice, remote controls, mobiles, watches, computer desks, TVs, etc. and after using the bathroom. Those who have dry hands use Moisture after washing their hands. Soap or hand liquid can be used. Why can this virus remain in the crackle (cracked part) of dry hands? Avoid using highly alkaline soaps or detergents.
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