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As oil prices rise in Argentina, oil reaches a minimum of seven months



November 7, 2018 | | comments | Read 51 times


As oil is rising in Argentina, the barrel of oil hit the US dollar for seven months on Tuesday, and in London it reached its lowest value since last August, responding to the temporary exemption granted by the United States government to eight Iranian raw material importers.

The price of WTI's crude oil in New York fell by 1.4% to $ 62.21, which is the lowest since April 6 and suffered seventh consecutive fall.

At the same time, Brent's barrel fell by 1.4% in London to $ 72.14, the lowest price in almost three months.

The oil price falls on international markets as fuel prices in Argentina have risen to 8.5% at the beginning of this month.

Recall that from the beginning of the year gasoline prices in the country were deregulated and governed by the combination of dollar and oil pipelines, among other costs.

The events in international markets occurred after the reintroduction of the sanctions Washington abolished in Tehran by signing a nuclear agreement in 2015 affecting 700 individuals, companies and entities, mainly in the energy and financial sectors.

Exemptions in China, India, Italy, Greece, Japan, South Korea, Taiwan and Turkey, which can still temporarily import Iranian crude, have relieved the fears of a possible reduction in supply.

Rough North Sea, a benchmark in Europe, ended the day at the International Exchange Exchange with a $ 1.02 drop when compared to last trade when closed at $ 73.16.


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