Oil slips after record growth

Нефть дешевеет после рекордного роста

Oil briefly exceeded the level of 80 dollars per barrel

Before the price of oil rose to a maximum of four years – $ 80 per barrel.

The price of oil during trading on Thursday, September 13, fall from the achieved before the maximum marks in four years, writes Interfax.

Traders estimate the potential increase in OPEC production in order to fill the expected reduction in Iranian exports and to meet the Ministerial monitoring Committee of OPEC+ 22-23 September in Algeria.

November futures for Brent on London’s ICE Futures exchange to 8:22 fell to $0,48 (0,60%) – to $79,26 a barrel.

The cost of the futures on WTI for October in electronic trading on the new York Mercantile exchange (NYMEX) decreased by this time $0,52 (0,74%) – to $69.85 mm per barrel.

At the end of trading on Wednesday, the contracts on Brent crude rose by $0.68 to (0,86%) to $79,74 per barrel, during the session the price climbed above $80 a barrel, while WTI added $1,12 (1,62%) and cost $70,37 per barrel.

According to the official data of the U.S. Department of energy said Wednesday that crude oil reserves fell by 5.3 million barrels for the week ended 7 September.

As reported in the US said that for the first time in 45 years has become the world leader in oil production. Earlier it was expected that the US will be able to become a world leader in oil production in 2019.

 

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