Oil prices start the week with a strong retirement



[ad_1]

July 16, 2018, 16:38 New York, July 16 (Prensa Latina) Oil prices fell by more than two dollars today in New York and London, struck by the prospect that the supply remains stable in

In the first of these markets, Texas's intermediate oil lost $ 2.95, or 4.2%, and stood at $ 68.06 a barrel of oil. 159 liters

. Similarly, in London, Brent crude oil from the North Sea rejected trading at $ 71.84 per barrel, a decrease of $ 3.49, or 4.63%.

Oil prices fell on Monday after easing fears of a possible drop in the supply of Libya and Iran, affected by US sanctions.

They commented that European equities closed with falls in the commodities sector. premiums, especially for the noticeable decline in the price of crude oil

The prices of the two benchmark brands have suffered sharp declines in recent sessions, although the International Energy Agency is maintaining its forecast of increased global oil demand in 2018 [19659003] and 2019.

We expect 1.4 million barrels per day of global oil demand growth, both in 2018 and 2019 , the agency said in a report

. closer to $ 80 a barrel, the highest since the collapse of the global market in 2014.

According to badysts, among the main factors that led to higher prices are the reduction in oil production in several countries, the possible imposition of a new package of US sanctions against Iran, geopolitical tensions and speculation.

jf / rs

[ad_2]
Source link