Date: 4 months ago   Category: Financial

The world prices for oil continue to fall


Since the beginning of week of Brent WTI - for 3,4% has fallen in price by 4,3%. The main reason call intentions of Saudi Arabia to increase production. On Friday, October 26 oil at the Asian auction I have resumed falling after price increase the day before, Interfax reports. So, the price of December futures for Brent at the London's ICE Futures Exchange has decreased by $0,51 (0,66%) - up to $76,38 for barrel. The cost of the December contract for WTI at the electronic trading of the New York Mercantile Exchange (NYMEX) has gone down for $0,56 (0,83%) - to $66,77 for barrel. Following the results of the previous session the quotation of Brent has grown by $0,72 (0,95%), up to $76,89 for barrel, WTI - for $0,51 (0,76%), up to $67,33 for barrel. It is noted that falling has happened against the background of information on readiness of Saudi Arabia to increase production in the conditions of the increased uncertainty in economy. Since the beginning of week of Brent WTI - for 3,4% has fallen in price by 4,3%. The OPEC has announced possible decrease in production of oil in 2019. However the market has paid more attention to signals of the Minister of Energy of Saudi Arabia Khalid al-Falikh that the oil cartel and its allies are in the mode "get how many you will be able" now to compensate possible interruptions in deliveries. Saudi Arabia has increased oil production to 10,7 million barrels a day that is close to a historical maximum, and can continue increase to compensate deficiency of the Iranian oil in the market in connection with sanctions of the USA, H. Al-Falikh at a conference in Riyadh has said. Besides, on moods of investors the sale negatively affects the stock markets and the general easing of appetite to risk. It was the day before reported that oil has fallen in price by 10 dollars in three weeks and continues to become cheaper. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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