Date: 4 months ago   Category: Energy

Price of oil of Brent for the first time since the beginning of April has fallen lower than $70 for barrel — Rambler News Service


Photo: Pixabay the Price not Brent oil has fallen lower than $70 for barrel for the first time since the beginning of April, data of the Intercontinental exchange (ICE) demonstrate. As of 13:03 Moscow time cost of January futures for Brent oil since the beginning of the auction it fell by 0,9% — up to $69,99 for barrel. The cost of December futures for WTI crude oil fell by 0,9% — up to $60,15 for barrel. Earlier, on November 6, the Brent oil price for the first time since August, 2018 lower than $72 for barrel have fallen, and on November 8 — it is lower than $71 for barrel. The oil prices continue to fall, despite the sanctions of the USA against Iran imposed earlier. On November 5 U.S. authorities have restored all sanctions against Iran which have been cancelled after "the nuclear transaction" of 2015. Restrictive measures, in particular, have affected export of the Iranian oil. Will be able to buy her only eight countries: China, Greece, India, Italy, Japan, Taiwan, South Korea and Turkey.

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