The price of oil fell below $81

Цена на нефть опустилась ниже $81

Before the price of oil rose more than a dollar because of the worsening relations between the US and Saudi Arabia.

World oil prices reference marks are reduced on the background of reducing investors ‘ concerns regarding the deterioration of relations between the US and Saudi Arabia. This according to the auction the morning of Tuesday, October 16.

So, the price of December futures for North sea Brent crude on London exchange ICE Futures at 10:00 Kyiv fell by $0,11 (0,14%) to $80,67 per barrel.

In turn, the price of oil WTI with delivery in November in electronic trading on the new York Mercantile exchange (NYMEX) fell $0.17 (0.24 percent) to $71,61 per barrel.

Before the price of oil rose more than a dollar because of the worsening relations between the U.S. and Saudi Arabia because of the extinct Saudi journalist Jamal Hackage.

As you know, the last time the missing journalist saw when he went to the Saudi Consulate in Istanbul. According to media reports, a man was killed there.

The US President Donald trump said he was willing to severely punish Saudi Arabia in the case of the establishment of her guilt in the murder Hackage.

Meanwhile, Saudi authorities said they would not accept the threat of sanctions by foreign countries and promise to give the answer in the case of the application of such restrictive measures.

Note, Brent crude fell by 4.4% at the end of last week, which was a significant drop from April, the cost of WTI fell by 4%. Falling prices of both contracts was the first in five weeks and is due, among other factors, with the total collapse of risky markets.

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