World oil prices have stabilized

Мировые цены на нефть стабилизировались

The price of Brent crude oil fell below $73 per barrel

Falling oil prices reference marks for the week is likely to be the most significant since February.

Oil prices reference marks on Friday, November 2, stabilized at the reached on the eve of the multi-month lows. This writes Interfax.

It is noted that the drop for the week is likely to be the most significant since February.

The January futures for Brent oil at the London ICE Futures exchange to 6:59 in Kiev fell by 1 cent (0,01%) to $72,88 per barrel.

Futures for WTI crude oil for December in electronic trading on the new York Mercantile exchange (NYMEX) by this time has decreased by $0,04 (0,06%) to $63,65 per barrel.

At the end of last session – 1 November the price of Brent crude dropped to $2,15 (2,87%), and accounted for close to $72,89 per barrel, WTI – at $1,62 (2,48%), to $63,69. Since the beginning of the week Brent fell by 6.1%, WTI – by 5.8%.

Recall that in the course of trading on 1 November, the oil accelerated the fall.

As reported, according to the forecast commodity traders Trafigura and Mercuria, the price of European benchmark Brent for Christmas could grow to $90 per barrel, and in early 2019 to exceed $100 per barrel.

 

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