Date: 4 weeks ago   Category: Energy

Price of oil of WTI fell lower than $60 for barrel for the first time since March — Rambler News Service


Photo: globallookpress.com/Nikolay Gyngazov the Price of oil of the WTI brand for the first time since March, 2019 fell lower than $60 for barrel, data of the Intercontinental exchange (ICE) demonstrate. As of 15:30 Moscow time cost of July futures for WTI crude oil made $59.91 for barrel. The cost of July futures for Brent crude oil as of 15:30 Moscow time fell up to $69.27 for barrel. Earlier the Minister of Energy of the Russian Federation Alexander Novak noted that sanctions of the USA against Venezuela and Iran and other geopolitical factors already led to the fact that the oil processing sector suffers a shortage of heavy oil. According to him, especially this problem is relevant for the USA. At the same time Novak paid attention to the growing WTI crude oil discounts to Brent oil.

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