Monday , November 29 2021

Oil prices went back on a seventh week with a minus sign | Company


At the beginning of session session, London-based ICE hosting facilities dropped Brent-rude in & # 39; a year by 0.56, or 0.89 percent, to January 2009 at 62.01 per barrel.

And for futures, WTI is oil prices on the New York Commodity Exchange (NYMEX) by $ 1.28, or 2.34 percent, up to $ 53.35 a barrel.

On Thursday, Brent falls by $ 0.88, or 1.39 percent. On Thanksgiving, the United States declarations closed on Thursday afternoon and WTI oil at $ 54.63 per barrel on Wednesday afternoon.

Brent has fallen since last Friday 7 percent, and the price of WTI is 6.5 percent. With the minus sign the oil price will be completed for the seventh consecutive week.

A rubbish in oil prices is another example of "extreme volatility", the main strategy strategy of Saxo Bank, Ole Hansen.

"If the dust falls, we believe that the market will conclude that the sale was too big – but decided to raise prices and oil prices in October at $ 80 per barrel," said the expert.

The recipe may be included by the meeting of the Organization of Petroleum Exporting (OPEC), which is on December 6, and the extra oalink is promoted by oil refineries that buy this time.

If Brent is able to return to $ 70 per barrel, at the end of the year, this type of oil can be up to $ 75 per barrel, O. Hansen.

Source link