Date: 4 months ago   Category: Financial

Oil began week with sharp increase in prices


Oil rises in price after sharp falling last week because of the conflict of the USA and Saudi Arabia. Prices of oil grow on Monday, October 15, against the background of strain of relations between the USA and Saudi Arabia because of the disappeared Saudi journalist Gamal Hashkaggi. The cost of December futures for Brent oil at the London's ICE Futures Exchange is $81,44 for barrel that for $1,01 (1,26%) there is higher than the level of closing of the previous session. The price of the future for WTI crude oil for November at the electronic trading of the New York Mercantile Exchange (NYMEX) increased by $0,78 (1,09%) - to $72,12 for barrel. It is known that last time the gone journalist was seen when he came into the Saudi consulate in Istanbul. According to media, the man was killed there. The U.S. President Donald Trump said that he is ready to punish rigidly Saudi Arabia in case of establishment of her fault in Hashkaggi's murder Meanwhile, the authorities of Saudi Arabia stated that they do not accept threat of sanctions from the foreign states and promise to give the answer in case of application of similar restrictive measures. "The problem of disappearance of Hashkaggi is one of the factors pushing up prices of oil. Nevertheless, potential to increase in prices is limited taking into account appeals of the USA to reduction of prices of oil", - the analyst on the raw sector of Samsung Futures Inc notes. Kim Kvangraye in the comment of Bloomberg. Let's note, Brent oil fell in price by 4,4% following the results of the last week that became the most essential falling since April, the cost of WTI fell by 4%. Falling of the prices of both contracts became the first in five weeks and is connected, along with other factors, with the general collapse of the risky markets. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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