Wednesday , June 23 2021

Oil prices close to $ 70 per barrel



Oil prices close to $ 70 per barrel

The price of "black gold" tends to the psychological threshold

Brent's raw in London fell by $ 1.48, while WTI's price dropped to $ 1.20 in New York.

The world oil prices of the benchmarks will continue to decline on the background of the rapid growth of US stocks. This is reflected in trading data on Thursday night, November 8th.

So the price of January futures for North Sea Brent on the London Stock Exchange ICE Futures at 22:40 in Kiev fell by $ 1.48 (2.05%) – up to $ 70.59 per barrel.

On the other hand, the price of WTI's crude oil delivery in December in electronic trading at New York Mercantile Exchange (NYMEX) fell by $ 1.20 (1.95%) to $ 60.47 per barrel.

Earlier it was reported that US stocks of oil in the United States last week increased by seven times in a row. This time it was 5.78 million barrels. At the same time, market analysts predicted an increase in stocks of no more than 1.9 million barrels.

He also reported that the US Ministry of Energy raised the country's oil production estimate in 2019 with 11.8 million barrels a day to 12.1 million b / d. The ministry also lowered the price of Brent's oil in 2019 for $ 2 per barrel at 74 dollars per barrel.

Remember, the United States for the first time in 45 years has become the world's leading oil producer, beating Russia and Saudi Arabia.

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