The price of oil fell below 67 dollars

Цена на нефть упала ниже 67 долларов

Brent crude in London fell by $0.46 and the price of WTI in new York fell $0,29.

World oil prices reference marks are moderately reduced on the news about the upcoming meeting of OPEC countries+ in Vienna, which is scheduled for early December. This according to the auction the morning of Tuesday, November 20.

So, the price of January futures for North sea Brent crude on London’s ICE Futures exchange at 8:50 in Kiev declined to $0,46 (0.69 percent) to $66,33 per barrel.

In turn, the price of oil WTI for January delivery in electronic trading on the new York Mercantile exchange (NYMEX) fell $0.29 to (0,51%) – to $from 56.91 per barrel.

As reported by Interfax, investors continue to assess the likelihood that OPEC+ will take a decision on reduction of oil production at the December meeting in Vienna.

“OPEC continues to discuss a reduction of oil production to halt falling prices, but Russia didn’t seem too supports the idea that increases the responsibility of Saudi Arabia for any coordinated action,” said analyst commodity sector Schneider Electric Robbie Fraser.

Last week, quotes for Brent and WTI per night fell by 7.1% and 6.6%, respectively. Was reached minimum values in March. Brent cost $65,19 per barrel and WTI – $55,34. Moreover, the rate of interest falling WTI in one day were the fastest for three years from September 2015.

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