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On Friday, December 21, the price of Brent oil fell by 5% to $ 54.28 a barrel. At the same time, the barrel of oil from the American brand WTI fell by almost 4%, to stand at $ 45.68.
The decline occurred in the context of an increase in the base rate of the US Federal Reserve to 2.25-2.5% per annum, an increase of a cheaper oil, reports Lenta.ru [19659002] Moreover, analysts feared a surplus of fuel on the market influencing the value of Brent and WTI.
The fall in oil prices led to a devaluation of the ruble. During the trading session, the euro cost 78.88 rubles, a reinforcement of 3%.
At the same time, the dollar had reached its peak since September, reaching 68.7 rubles. At the top, the growth of the US currency was 2%.
Meanwhile, the Russian Minister of Energy, Alexander Novak, said that the fall in world oil prices at the end of the year was not indicative. According to him, it is necessary to continue to monitor the situation on the fuel market.
"It is important to monitor the situation in January, so some radical measures are wrong," Novak TASS quotes.
According to OBOZREVATEL, December 7, under pressure from the Organization of Petroleum Exporting Countries, Russia agreed to reduce the price of oil. extraction of "black gold" of about 3%.
The oil cartel will remove 800,000 barrels from the market, while other countries in the agreement will cut production. for 400 thousand barrels. The agreement will work for six months with a possible revision of the parameters in April.
Read all the "Russian news" about OBOZREVATEL.
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