an hour agoGlobal oil prices fall
Periskopi(8 months ago)
(8 months ago)Oil prices fell below $61 in international markets today. At the London market, the price of a barrel after noon was 72 cents lower than at the end of the trade last week at $60.57. On the American market, a barrel was traded 66 cents below, at 56.88 dollars. [...]
Oil prices fell below $61 in international markets today.
At the London market, the price of a barrel after noon was 72 cents lower than at the end of the trade last week at $60.57.
On the American market, a barrel was traded 66 cents below, at 56.88 dollars.
Market sentiment has been weakened by estimates of a supply surplus at the end of this year and early next year.
Supply is increasing as demand is dim, International Energy Agency (IEA) reported last week.
Under such conditions, global reserves reached their highest level in four years in August to 7.9 million barrels, the agency estimated, and the supply surplus should increase significantly by next year, the latest.
Investors are also concerned about the US government blockade due to the budgetary spending dispute. /Telegraphy/ Periscope.
