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Oil prices plummet to record highs
Brent Oil slows Friday's auction, as WTI turns to growth, but finishes the week with the largest decline in four years.
Witness the call for tenders, Interfax- Ukraine. "
Brent's February futures price on the London Stock Exchange, ICE Futures, fell by $ 0.51 (0.94%) to $ 53.84 per barrel at 6:50 pm.
WTI Futures in February on the New York Mercantile Exchange (NYMEX) rose $ 0.27 (0.59%) to $ 46.15 per barrel.
Brent price down this week 12%, WTI – more than 11% Since the beginning of the fourth quarter, the WTI has lost about 39% of its value
The oil market, like other markets , is under pressure due to growing economic uncertainty, compounded by the recent decision of the Federal Reserve to increase the base rate, as well as by the risk of government shutdown. disagree between President Donald Trump and Democratic legislators on financing the construction of a wall at the border with the M
In addition, investors are skeptical about OPEC countries' plans to reduce extraction, doubting that they will do enough to eliminate the excess supply of oil on the market. global market.
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