Date: 6 months ago   Category: Financial

Prices of oil fell off for 4% in a day


The reference Brent and WTI brands updated the minimum values since the beginning of year. The prices are influenced by Trump's statements and MAHE. The world prices for oil of reference brands continue strong decrease during trading on Tuesday, November 13. So, January futures for Brent crude oil at the London's ICE Futures Exchange fell by 17:27 in price for $2.73 (3.89%) and are trading at the level of $67.39 for barrel. The quotations of futures for WTI crude oil for December at the trading of the New York Mercantile Exchange (NYMEX) failed for $2.56 (4.27%) by this time - to $57.37 for barrel. Thus both reference brands updated the minimum values since the beginning of the current year. Oil becomes cheaper on statements of the U.S. President Donald Trump the criticized intention to reduce production volume and also on news from OPEC and the International Energy Agency. So, MEA notes risk of essential deficiency of oil in the world market to the middle of the 2020th years. The agency also notes that sanctions of the USA against Iran still remain a serious factor of uncertainty. And oil production in Russia can come to the plateau and even to decrease in case of toughening of sanctions. Let's note, the day before the auction on oil came to the end higher than 70 dollars for barrel. And at the beginning of October of quotation grew to a four-year record - higher than 86 dollars. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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