The price of oil has fallen to a minimum since September 2017

The price of Brent oil has dropped below $ 54 per barrel, which is the lowest since September 12th.

The Brent oil mark price traded on Friday, December 21 dropped below $ 54 per barrel for the first time since September 12 [12]. The February futures price for the Brent North Sea oil blend fell 0.98% to $ 53.82 per barrel. The futures price for the WTI oil brand fell 0.41% to $ 45.69 a barrel.

The main factor that influenced the fall in prices was the fear of an oil spill aggravated.

According to the US Minegener, oil production in the country last week remained at 11.6 million barrels per day. At the same time, commercial oil reserves in the country have fallen by only 500,000 barrels, although analysts are forecasting a decline of 2.4 million barrels.

It should be remembered that oil prices fell 5% on December 20th because of signals from the US Federal Reserve indicating slowing US economic growth and lower demand for oil due to overproduction.

Today, oil prices have started to rise, at the request of OPEC, indicating that the reduction in production started in January will be larger than expected.

News from Correspondent.net to Telegram. Subscribe to our channel https://t.me/korrespondentnet