HomeEconomyOil prices fell in...

Oil prices fell in world markets

Image: Getty Images

Black gold falls in price on news of increased production and exports in the United States and Saudi Arabia.

World oil prices fell sharply and hit their lowest levels since the beginning of July on news from the United States and Saudi Arabia. This was confirmed by the trading data on Thursday, November 16.

function news4640327() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4640327&lang=2&IsAjax=true’, function (data) { $(‘#nk4640327’).html(data); });
}

news4640327();

Thus, Brent oil for January delivery on the London ICE Futures exchange fell by $3.56 (-4.39%) to $77.62 per barrel.

And WTI oil futures for December delivery on the New York Mercantile Exchange were down $3.55 (-4.63%) at $73.11 a barrel.

Western agencies wrote that oil prices are falling based on data from the US Department of Energy, which showed an increase in oil reserves in the country to the highest level since August. In two weeks they grew by 17.5 million barrels.

In addition, the market is analyzing new data from the Joint Organization Data Initiative (JODI), according to which Saudi Arabia increased oil production in September compared to the previous month by 0.6%, and the export of 3 %.

According to the same data, the United States increased oil production by 4.8% throughout the year, and exports in September by 19.8% compared to the same period last year.

We remind you that on November 8, the price of Brent oil dropped below $80 per barrel. This happened for the first time since July 21 of this year due to forecasts that the demand for gasoline in the United States will fall to a record level.

Russia’s oil revenues fall – MEA
New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The policy hit a friend of Gusakov – his card was compressed

Law enforcement officers detained the defendant in the case of Nazarii Gusakov. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } On Friday, June 27, during investigative actions, the police detained...

Deputy Prime Minister Chernyshev chose the mayor

WACS was chosen by the Deputy Prime Minister-Minister of National Unity Alexei Chernishov Preventive measure. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } The court partially submitted a petition for...