Date: 6 months ago   Category: Financial

The price of oil fell up to 58 dollars for barrel


The cost of oil futures sharply went down from 10 in the morning, having fallen in price more than by dollar. The world prices for oil passed to decrease at the auction on Thursday, November 29, updating minima of last year's fall. The cost of January futures for Brent oil at the London's ICE Futures Exchange is $57.57 for barrel that for $1.19 (2.03%) there is lower than the level of closing of the previous session. The future for WTI crude oil for January at the electronic trading of the New York Mercantile Exchange (NYMEX) makes $49.56 for barrel that for $0.73 (1.45%) there is lower than the level of previous session. The day before oil futures fell in price more than by 1.5% after the publication of data of Management of power information on growth of commercial reserves of oil in the USA on 3.6 million barrels at expected growth by 0.3 million barrels. Traders show muted optimism in the run-up to the G20 summit which will take place on November 30 - on December 1 in the capital of Argentina. Participants of the market hope that heads of states of "Group of Twenty" will manage to solve contradictions which provoke delay of growth rates of world economy. It should be noted that yesterday oil rose in price up to 61 dollars for barrel, after a sharp collapse last week. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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