The price of Brent oil fell below $ 62: why, monitoring



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The price of a barrel of Brent on Wednesday, February 6, fell below $ 62 per barrel.

This has been demonstrated by the auctions on the ICE futures market. At 10:30, Kiev time, the price of Brent crude rose to 61.76 dollars.

The price of oil has declined because of concern over the growth of the world economy.

Data from the American Petroleum Institute (API) showed an increase in US inventories, despite an increase in production volumes in US refineries.

In particular, stocks increased by 2.5 million barrels during the week. – Up to 448.2 million analysts, in particular, estimated that stocks would increase by 2.2 million barrels.

According to OBOZREVATEL, the United States announced at the end of January that sanctions would be imposed on the Venezuelan oil and gas company PDVSA, which is vital to Ve

. US sanctions against Venezuela will limit oil deals between Caracas and other countries, similar to the sanctions against Iran.

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