The price of Brent oil per barrel on the London ICE exchange fell below 78 dollars. This is proven by: data tender
Otkritie Research expert Andrey Kochetkov, Otkritie Investments’ leading global research analyst, stated that falling oil prices will not allow the Russian market to grow.
“The external environment before the start of business in Russia is negative. Asian markets are in the red, with oil prices falling on doubts over OPEC+ discipline. The only positive moment for stocks is the slight weakening of the ruble, but the Russian currency can change its movement vector during the day,” Kochetkov explained.
The price of Brent oil at the end of November exceeded $83 per barrel.
The increase in oil prices was triggered by a decrease in shipments by 2 million barrels per day due to a severe storm in the port of Novorossiysk.
US Oil and Gas Industry Association President Tim Stewart on Fox News statedIt is stated that the country’s strategic oil reserves have fallen to a record low level in the last 30 years.
Previously recognizedWhen oil prices fall to $50 per barrel.