14 minutes agoOil Price Continues to Fall in World Markets
Periskopi(4 years ago)
(4 years ago)Oil prices dropped by more than four percent today after the G7 controlled Russian oil prices and after US fuel inventory increased more than expected. A barrel of Brant oil for the shipment in January dropped $3.47 and now costs $84.89, while a barrel of crude oil [...]
A fuel barrel Brant for the shipment in January dropped $3.47 and now costs $84.89, while a gross oil barrel in the US fell to 77.63.
US fuel reserves increased by 3.1 million barrels, according to data from the US Energy Information Administration. Analysts had expected an increase of inventorys of only 383 thousand barrels.
Prices were also influenced by information that G7 members are considering limiting the Russian oil price to between $65 and $70 per barrel, a European official has said.
This level is currently higher than the price at which Russian oil is sold on the market. A crude Ural oil barrel currently costs between $62 and $63, writes Sky News.
