The price of oil fell below $ 84

Цена на нефть упала ниже 84 долларов

Saudi Arabia has promised to compensate for reduced exports from Iran due to the available capacity.

World oil prices reference marks Shigatse on the first working day of the week on the statements of representatives of Saudi Arabia’s readiness to compensate for the reduced supplies from Iran. This according to the auction the morning of Monday, 8 October.

So, the price of December futures for North sea Brent crude on London’s ICE Futures exchange at 9:50 Kiev fell to $0,66 (0,78%) – to $a 83.50 a barrel.

In turn, the price of oil WTI with delivery in November in electronic trading on the new York Mercantile exchange (NYMEX) fell by $0,48 (0,65%) – to $73,86 per barrel.

On the eve of the crown Prince of Saudi Arabia Mohammed bin Salman said that his country currently produces close to a record 10.7 million barrels of oil a day and, if necessary, can increase the rate of 1.3 million b/d. Also, the authorities of Saudi Arabia and Kuwait are close to agreement on the resumption of production at the two jointly develop the fields, potential production of 500 thousand b/d.

In addition, sources close to the presidential administration of the USA of Donald trump, reported that U.S. authorities are in talks with countries that want to continue to buy oil from Iran after the entry into force of sanctions against the country on 4 November. In particular, for some States can make an exception, and they will be allowed to import oil from Iran. Earlier this possibility was excluded.

We will remind, at the end of last week, world oil prices fell sharply, recouping the growth of quotations in the previous days, when the cost of black gold has exceeded $86 per barrel.

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