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Transcripts for BBCNEWS Outside Source 20211123 19:13:00

on prices in the short and medium term. our expectation is that it will have a short term effect on prices. as a matter of fact, we already see that today, the international benchmark is up $1.20 so it s up 1.5% already. so it looks like the spr news was already priced in the market. here are the numbers on us petrol prices. according to the american automobile assocation, the average price for a gallon of petrol is $3.40. in states such as pennsylvania, california, and nevada, the price is higher. to put this in perspective, a year ago, that figure was $2.11 so over a 50% rise. let s hear from the energy analyst again. this $50 million of oil, as a matter of fact, 32 million of these barrels will be on the short term. so it means that they ll be releasing into the market in the next few weeks. and then, they will basically

Prices
Fact
Effect
Matter
Term
Expectation
Benchmark
-20
1-5
1-20
Us
Price

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