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Effective December 25, the March futures value for Brent brand oil is $ 50.73 per barrel, according to data from the London Stock Exchange. These oil prices were observed in August 2017.
The December Brent minimum cost of $ 50.37 was December 24th.
Compared to last December, the price of oil fell by more than 22.2%.
The price of WTI oil is also down. The price of a barrel of oil WTI reached 42.70 USD, 6.34% lower than the closing level of previous offers.
Oil prices are falling, fearing a slowdown in economic growth. Writes Reuters.
It should be remembered that US stock markets have pushed sharply downward, with the economy ending: this has not been the case since the Great Depression.
The three major US stock exchanges – Dow Jones, Nasdaq and S & P 500 – fell at the close of trading on December 21.
The three major US stock indexes fell about 12% in December.
US stock indexes fell over the week due to expectations of a recent meeting of US Federal Reserve leaders that defines US monetary policy. Another reason was fears of a possible suspension of work by the government and government agencies in the United States.
As previously reported "Knowledge", Russian oil broke all records: Putin's regime began to collapse in front of the eyes
ICE London stock exchanges are trading December 21 under the bar of 54 USD.
The price of the Brent barrel shipped in February raises to 53.83 USD.
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