Russia raises prices of oil Financing

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Oil prices have been falling for weeks. This is partly explained by reports of record production in Saudi Arabia, which has fueled concerns over oversupply for some time. In addition, there is concern that demand for oil will weaken as a result of slowing growth in the global economy and rising inventories. Oil prices sharply down are clearly visible at the pump. The recommended retail price of gasoline (95 euros) is currently around 1.64 euro per liter. That was more than 1.78 euros in September, while oil prices were still at their highest in four years.

In the middle of the morning, the price of a barrel of American oil, 159 liters, was 1.1% lower at $ 49.74. Brent then fell 1.3% to 58.01 dollars a barrel. At around 1:45 pm, US oil rose 1.1% to $ 50.84 per barrel and 0.7% to $ 59.18 per barrel.