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On September 12, 2017, the last price of Brent crude was below $ 54 per barrel.
Illustration REUTERS
The Brent Oil futures price with delivery in February 2019 at the London Stock Exchange ICE auction decreased by 0.9% to 53.87 [19659005] Read also Oil shortage could occur sooner than expected – IEA
According to TASS report
"The oil price in this category was below the threshold of $ 54 per barrel on September 12, 2017 ", we read in the message.
The decline in oil prices continues with the decision of the US Federal Reserve to raise the basic interest rate for the fourth time this year, with revised projections down for 2019: growth GDP and consumer prices The US Central Bank now expects two rates of increase instead of 3.
In addition, US oil reserves for the week ending Dec. decreased by only 497,000 barrels. At the same time, gas reserves increased by 1.77 million barrels and distillate stocks decreased by 4.24 million barrels.
