HomeEconomyThe price of oil...

The price of oil dropped to $ 100

Photo: Getty Images

On the eve of Brent the price fell by more than 10 dollars, which was the third largest drop in dollar terms in the brand’s history.

The world benchmark oil price continued to fall for the second consecutive day due to fears of a recession in the global economy, which would lead to a slowdown in demand. This was confirmed by trading data on Wednesday, July 6th.

function news4490374() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4490374&lang=2&IsAjax=true’, function (data) { $(‘#nk4490374’).html(data); });
}

news4490374();

Thus, September futures for Brent on London’s ICE Futures exchange dropped $ 3.85 (3.75%) to $ 98.92 per barrel.

The value of WTI futures for August in the electronic session on the New York Mercantile Exchange (NYMEX) dropped $ 4.19 (4.21%) to $ 95.31 per barrel.

Now the spread between the current contracts for Brent and WTI is $ 3.61 in favor of Brent.

Brent fell more than $ 10 on Tuesday, the third -largest decline in dollar terms in the brand’s history.

The fall in quotes on Tuesday was a result of investors ’anxiety about the recession and technical sales.

This week, also one of the negative factors for commodity markets was the strengthening dollar, which recently reached a more than 20-year high. Investors are reluctant to risk and invest in US currency. The strengthening of the dollar makes the oil denomination more expensive in the US currency for holders of other currencies.

News from Athletistic in the Telegram. Subscribe to our channel Athletistic

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

Summit EC will not be deducted in the state approval in preliminary condition

The European Council could not unanimously approve the support of Ukraine during the meeting today, June 26. The document was supported by 26 of 27 EU member states. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle...

In the past, Jeuna showed sbu (video) captives

SBU published exclusive photos and videos of prisoners that took place today, June 26. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } Today's exchange is the result of the work...

The riders were sprayed Aviabomb in the village

The racists continue to attract observation blows on the frontal settlements of the Ivene area in the Kharkiv region. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } Today, on June...