Stock Exchange Express – Oil prices rise significantly after initial losses



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Oil prices are down on Thursday
significant increase in initial losses. The price of a barrel
Brent from the North Sea reached 59.88 dollars. It was 1.12
Dollars more than the day before. The price of a barrel (159 liters)
US West Texas Intermediate (WTI) up $ 1.51
$ 51.81. The WTI prize was in the morning for the first time since October
2017 fell below the $ 50 mark.

According to information, Russia is using the OPEC cartel for a single
Restriction of supply may be suitable, according to dealers, for oil prices
taken care of in the afternoon. Previously, had comments from Saudi Arabia
Minister of Energy Khalid Al-Falih and Putin doubt
understood that OPEC with important producing countries to their
meeting scheduled next week in Vienna to a big enough
Could announce reductions in production.

According to Putin, Russia can very well get by with a $ 60 oil price
live. Meanwhile, Al-Falih pointed out that the production was not
cut alone. Saudi Arabia had its promotion
last raised significantly and therefore to the pressure on prices
supported. US President Donald Trump had this via Twitter
Thank you. The fall in the price of oil would act as a tax reduction in the
United States, wrote the president.

Putin and Saudi Crown Prince Mohammed bin Salman want
apparently on the sidelines of the beginning of the G20 summit from Friday to
Meet Argentina. It should also act of a common line
go to the meeting in December. / jsl / she

AXC0284 2018-11-29 / 18: 09

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