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For the first time since September 5, 2017, the price of a barrel of Brent fell below $ 53 a barrel (to watch a video on the subject, go to the end of the page) .
This is proved by auction. At 1:30 pm in Kiev, the reference brand's oil price was set at US $ 52.93.
Previously, the price of Brent oil delivered in February 2019 at the call of D & B The ICE exchanges in London fell 0.9% to 53.87 dollars a barrel. Last time on September 12, 2017, the price of oil in this category was below $ 54 per barrel.
Video on the subject:
The decline occurred in the context of an increase in the base rate of the US Federal Reserve at 2.25-2.5% per annum, an increase
On December 7, under pressure of the Organization of the Petroleum Exporting Countries, Russia has decided to reduce by about 3% its production of black gold.
The entire oil cartel will pull 800,000 barrels off the market, while other countries will cut production by 400 thousand barrels. The agreement will come into force within six months with a possible revision of the parameters in April.
Remember that oil is the main item of Russian exports. In addition, natural gas prices are highly dependent on the price level of oil and petroleum products. Russia has already recognized the fact that sanctions imposed by the United States and the European Union are hurting the country's oil and gas extraction.
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