Date: 4 months ago   Category: Financial

Brent oil for the first time since September fell lower than $80


The price of December futures for Brent fell up to $79,67 for barrel. The cost of the future for WTI - up to $70,94 for barrel. The cost of Brent crude oil passed to decrease on Friday, October 12, and fell lower than $80 for barrel for the first time since September 24. So, the price of December futures for Brent at the London's ICE Futures Exchange fell for $0,59 (0,74%) - up to $79,67 for barrel. The cost of the future for WTI for November at the trading of the New York Mercantile Exchange (NYMEX) decreased by $0,03 (0,04%) by this time - up to $70,94 for barrel. Since the beginning of week of Brent and WTI lost more than 4% that is the worst indicator since May. Decrease is caused by fears about the prospects of delay of growth rates of global demand for fuel. Earlier the Organization of Petroleum Exporting Countries (OPEC) lowered the forecast of increase in demand for oil in 2018 by 80 thousand barrels a day - up to 1,54 sugar-free million. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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