Brent crude falls below $83 for the first time since September
[ad_1]
The cost of the January futures for Brent crude oil fell below $83 per barrel for the first time since September 27, follows from the trading data of the London Stock Exchange ICE. At 17:44 Moscow time, the price fell by 5.33% to $82.95 per barrel.
By 18:01 the decline slowed down. The price of Brent rose to $83.36 per barrel. January futures for WTI crude fell 4.53% to $76.48 per barrel.
The decrease in the cost of futures was observed against the backdrop of the publication of The Wall Street Journal, which reported that Saudi Arabia and other OPEC+ countries are considering increasing oil production to 500 thousand barrels per day. The decision can be made at the meeting on December 4. During the OPEC+ meeting on October 5, the quota was reduced by 2 million bpd. The initiators of this proposal are Saudi Arabia and Russia.
Read more about oil production – in the material “Kommersant” “Oil will keep volumes”.
[ad_2]
Source link
