Brent is trading around $60 per barrel

Brent торгуется около $60 за баррель

Market participants expect the meeting of representatives of Russia and Saudi Arabia this week.

The oil market on Tuesday, November 27, stabilized after active growth before investors are waiting for new agreements from leading manufacturers.

So, the price of January futures for Brent on London’s ICE Futures exchange decreased by 0.23% to $60,34 per barrel. The cost of the futures on WTI for January in electronic trading on the new York Mercantile exchange (NYMEX) decreased by 0.50%, to $of 51.37 per barrel.

Market participants expect the meeting of representatives of Russia and Saudi Arabia this week on the sidelines of the G20 summit in Argentina, which starts on Friday, November 30. It is expected that they will discuss the situation in the oil market before the OPEC meeting, scheduled for 6 December.

Earlier, U.S. President Donald trump called the fall in oil prices “gorgeous” and thanked him for Saudi Arabia.

 

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