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The price of oil went down

Цена на нефть вновь пошла внизBrent crude in London fell $0,70, and the price of WTI in new York fell $0.77.

World oil prices reference marks are slowly declining, after rising the day before. This according to the auction the morning of Tuesday, November 13.

So, the price of January futures for North sea Brent crude on London’s ICE Futures exchange at 9:15 on the Kiev declined to $0,70 (1,00%) to $69,42 per barrel.

In turn, the price of oil WTI for December delivery in electronic trading on the new York Mercantile exchange (NYMEX) fell $0.77 (up 1.28%) to $59,16 per barrel.

On the eve of Brent crude rose $1,60 and closer to $72 per barrel. The price of WTI rose by $1.04 and was $61.

It also became known that Saudi Arabia intends December to reduce oil production. According to energy Minister Khaled bin Abdul Aziz al-Faleh, “technical analysis” indicated a required decrease in the amount of half a million barrels a day to “stabilize the market”.

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