The price of Brent oil fell below $83 per barrel – Kommersant
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The price of January futures for Brent oil on the London Stock Exchange ICE Futures, as of 18:53 Moscow time, amounted to $82.81 per barrel. At the moment, the price of a barrel dropped to $82.60. The last time January Brent futures traded below these levels was on August 25.
December futures for WTI crude oil at the New York Mercantile Exchange (NYMEX) fell to $78.73 per barrel. Today, November 7, in the morning on the London Stock Exchange, the WTI grade showed drop for the first time since August 29.
Previously, Gregory Daco, chief economist at EY-Parthenon (a division of the British group Ernst & Young) predicted a sharp rise in oil prices due to the escalation of the Israeli-Palestinian war. According to his forecast, the cost of a barrel could rise to $150.
Read more about financial forecasts against the backdrop of the Israeli-Palestinian conflict in the material “Hamas factor”.
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