Date: 2 weeks ago   Category: Financial

Prices of oil failed after the decision of OPEC


Literally in a couple of hours the cost of Brent oil fell more than to two dollars for barrel. The world prices for oil of reference brands fell off after the solution of the countries of OPEC to prolong the agreement on production for nine months. Also the prices are influenced by data on activity in a manufacturing sector of the USA and China. So, in the evening on June 2 the cost of September futures for Brent oil at the London's ICE Futures Exchange fell up to $62.70 for barrel that for $2.32 (3.62%) there is lower than the level of closing of the previous session. The future for WTI crude oil for August at the trading of the New York Mercantile Exchange (NYMEX) fell in price by $2.25 (3.9%) - up to $56.84 for barrel. As it was reported, the countries of OPEC approved extension of the transaction on restriction of production until the end of March, 2020. Let's note, yesterday the world prices for oil sharply grew on expectation of extension of the transaction of OPEC. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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