10 minutes agoGood news: Oil Price Breaks
Periskopi(8 years ago)
(8 years ago)World oil prices have fallen to the lowest level for more than a year. The loss of the oil price has already occurred for seven weeks. Oil prices are now at the lowest levels since October 2017, while the price of American oil has dropped to $50,42 dollars [...]
Oil prices are now at the lowest levels since October 2017, while the price of American oil has dropped to $50,42 per barrel, and the price of oil in London fell to 6.1 percent, respectively, a barrel of oil, on November 23rd, in London, was sold for $58.8.
Oil supplies have increased faster than oil demand in recent months, increasing fears that there may be an oil supply, while major oil - producing countries are considering the possibility of reducing their production.
The oil Exporting Countries Organisation (OPEC) expects to cut production, as member states hold a meeting on December 6th.
World oil prices have dropped to an average of 20 percent so far.
