What will happen to the naphtha ?: The barrel of oil already costs less than 50 dollars – Economy

While the government maintains that the oil companies would be able to lower prices and that vending machines had already warned that fuel prices would rise again this weekend due to higher taxes, oil suffered a new collapse Thursday.

The price of a barrel of oil WTI, a benchmark index in the United States, has fallen below the barrier of 50 USD, at a time when markets are worried about the possibility of oversupply.

This morning's delivery in January amounts to $ 49.81 in electronic trading at the New York Mercantile Exchange (Nymex).

At the same time, the Brent North Sea barrel, European benchmark, also to be delivered in January, fell to $ 57.50 on the Intercontinental Exchange (ICE) in London.

Crude prices reflect the impact of the new increase in US trade reserves, fueling the fear of excessive global supply.

Since mid-September, US inventories have increased by 56 million barrels.

The further increase in inventories was largely attributed to the fact that production remains at historical levels. Last week, 11.7 million barrels were mined daily.