Date: 2 weeks ago   Category: Economy

The price for barrel of the Brent brand has fallen lower than $70


The price for barrel of the Brent brand has fallen lower than $70
The cost of the January future for Brent crude oil at the auction in the Intercontinental Exchange (ICE) has fallen lower than $70 for barrel.

at the time of opening the price was $70,83, then has slowly begun to decrease, having reached value in $69,16, but after has a little won back and at the moment bargains on a mark of $69,55. Thus, decrease has made slightly less than 1,6%.

In parallel becomes cheaper also WTI crude oil: having the cost of $60,67 at the time of opening of the auction, then she has fallen to less than $59,9 for barrel.

the Price for a barrel of Brent crude oil rose up to $70 in January of this year, then has decreased almost by $9, but by April has jumped up to $74 again. After that cost continued to grow and by October 1 was record $85 for barrel. This situation has been connected with expectation of deficiency of oil in the market in connection with sanctions of the USA against Iran.

reduction of prices of hydrocarbons is caused Now by increase in production by three main players - Russia, the USA and Saudi Arabia which in total make nearly a third of all oil in the world (33 million barrels a day). At the same time the Russian Federation as wrote Ruposters, has conceded to the States superiority in the sphere of oil production.

URL:




Today

just now

This year the Citrus offered a new bright format of definition of goods to which discounts on Black Friday will extend. If usually goods for discounts are defined by shop, then this time the choice of...

just now

The defender Crystal Palace Mamadou Sakho risks to pass a duel against Manchester United, reports the Evening Standard edition. French центрбек sustained damage of a back and can not be restored to a...

just now

The midfielder of Shakhtar Victor Kovalenko - about a combined and forthcoming meeting with Lviv. - Victor how returned from the national team how many the road borrowed and whether are ready to swi...

just now

Zhoan Zarko in slight confusion after the first day of the IRTA MotoGP tests in Valencia: to cope with KTM RC16 it appeared not so easily... after Yamaha M1 which the Frenchman mastered literally in a...

just now

Volvo will for the first time make a speech at a motor show in Los Angeles without cars. Instead Swedes will show the vision to future mobility. the Volvo Stand on an auto show will be decorated by...

just now

Danilo Petrucci passed into a factory garage of Ducati Team whereas Jack Miller remained in Pramac Ducati, having received new Desmosedici GP19 from the plant. Both on the factory contract, though in...

just now

On November 20, 2018 the federal educational project "School of Parliamentarism" in the city of Sevastopol which purpose is involvement of youth in policy and promotion of own projects and initiatives...

just now

On November 20, on Tuesday, the auction came to the end with a record collapse in prices for oil. As informs Newsmir.info, the cost of black gold fell lower than 62 dollars for barrel, and these are t...