Date: 6 months ago   Category: Financial

The Russian Federation found the reason of a collapse of the price of oil in Washington


The main factor influencing oil cost is the decision of the Federal Reserve System of the USA on discount rate, the head of Rosneft is sure. Oil cost is influenced by increase in a rate of the U.S. Federal Reserve now. It on Wednesday, December 26, the head of Rosneft Igor Sechin said, Interfax reports. "It is necessary to consider a large number of factors. In this case we, apparently, concluded the agreement of OPEC, and price of oil falls. It would seem, it has to be stabilized, all had to be frightened, and nobody was frightened. (...) Increase in a rate of FRS which led to washing away of financial speculators from the market became a major factor in this case. It is a major factor which influences the price", - Sechin told. He also reported that Rosneft budgets for the next year at the level of 50-53 dollars for barrel. As it was reported, on the eve of price of oil dropped more than by 6%, having fallen up to 50 dollars for barrel. Today oil cost grew a little. It is known that the Federal Reserve System of the USA this year four times raised discount rate, having brought it to 2.25-2.5% per annum. Such policy sparked sharp criticism of the president of the country Donald Trump who called FRS "the only problem" of economy of the USA. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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