Oil Brent for the first time since September fell below $80

Нефть Brent впервые с сентября опустилась ниже $80

The price of December futures on Brent fell to $79,67 per barrel. The cost of the futures on WTI – up to $is 70.94 per barrel.

The price of Brent crude oil moved lower in Friday, October 12, and fell below $80 a barrel for the first time since September 24.

So, the price of December futures for Brent on London’s ICE Futures exchange fell $0,59 (0,74%) – to $79,67 per barrel.

The cost of the futures on WTI for November in trading on the new York Mercantile exchange (NYMEX) decreased by this time $0,03 (0,04%) to $is 70.94 per barrel.

Since the beginning of the week, Brent and WTI lost more than 4%, which is the worst performance since may. The decline is due to concerns about the prospects of a slowdown in global demand for fuel.

Previously, the Organization of countries-exporters of oil (OPEC) has lowered the forecast of growth of oil demand in 2018 for 80 thousand barrels per day to 1.54 million b/d.

 

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