[ad_1]
Anya Martynyuk July 12, 2018, 07:10
Standard Brent and US WTI are surprisingly cheaper. Namely for $ 4.10 and $ 3 respectively.
The press reports of Ukraine.
Brent oil futures fell $ 4.10, or 5.2%, to $ 74.76 per barrel. This is the largest single-day decline in the benchmark oil brand price since February 2016.
Meanwhile, WTI oil futures have dropped from $ 3 to $ 71. $ 11 a barrel.
"The growth in the volume of trade between the United States and China has led to risk aversion in today's trading session, as evidenced by the price of oil," he said. he declared.
As you know, states have promised to introduce a tariff on Chinese products and an amount of $ 200 billion. In addition, prices reacted to circumstances of force majeure in four Libyan ports. As you know, oil production in Libya went from 1.28 million barrels per day in February to 527,000 barrels per day on July 9.
It should also be noted that the annual report of OPEC has affected the fall in prices. a sharp increase in the extraction of raw materials in Saudi Arabia and noted that in 2019 there may be an excess of supply.
In addition, the situation in the oil market has been affected by signs of a possible easing of US sanctions against Iran, the fifth largest oil producer in the world. As a result of this course of events, prices have increased somewhat. Recall that the United States sought to impose sanctions against Iran in November of this year.
[ad_2]
Source link
