How much does Brent and WTI cost?

On Thursday, December 20, world oil prices fell sharply. This decline is due to concerns about the risk of excess supply of raw materials.

As reported Lenta.ru, at 1 pm, the price of oil fell below the psychological barrier of $ 55 a barrel for the first time since September 2017. Thus, during the December 20 negotiation , the Brent oil futures price with delivery in February 2019 fell to 3.93% – to $ 54.99 per barrel.

The price of oil futures for the WTI brand was reduced by 4.07% – to $ 46.21 per barrel. The last time this brand was worth the price of this class in August 2017.

According to Reuters, starting in the morning, the value of the futures contracts for the mixture of oil of the brand "Brent" in the North Sea, in February, decreased by 1.82% to settle at 56.19 dollars a barrel. WTI futures oil contracts – 2.24%, to reach 47.09 dollars per barrel.

It is noted that markets are again worried about the risk of an oversupply of commodities on the market – in the context of an increase in stocks and extraction in the United States and signs of slowing growth of the global economy.