Stock market quotes, forex, financial news, forex tools –

Brent continues to decline, falling to 58.8 US dollars

 Breaking News
  • Global demand for oil grows The International Energy Agency (IEA) has published a very interesting study. So, in the next five years, global oil demand will grow about 1 million b/d every year. This means...
  • Tesla to build its fourth factory Elon Musk said that the company was planning to build the first plant in Europe. The German capital has been chosen for this purpose. It will be the fourth plant...
  • Facebook Pay is new payment system of famous social network The well-known company Facebook has announced the launch of its own electronic payment system Facebook Pay. Through the company’s official blog, we have found out that the service will operate...
  • Amazon to open a new supermarket chain in the States Amazon, the largest US online retailer, already owns several supermarket chains. The first of them called Whole Foods was purchased in 2017 and cost $ 13.7 billion. The chain specializes...
  • Energy Market News Today, at 8 a.m. Moscow time, Brent crude futures rose $ 0.14 (or 0.23%) – to $ 62.32 per barrel. We recall that yesterday the asset price lost 0.53% ($...
Brent continues to decline, falling to 58.8 US dollars
December 18
13:00 2018

Oil is still falling, as there are no reasons for the price normalization yet. WTI has updated the annual minimum, while Brent has fallen below the November level of the current year.

February Brent futures have slipped by 1.3% to the value of 58.8 US dollars per barrel. January WTI futures have fallen by 1.4% to $ 49.2. At the last session, there was also a fall. Brent then fell to 59.6 US dollars, WTI – to 49.9 US dollars.

The prices have reduced after disclosure of the data on US stocks. The stock in Cushing, from where oil is being traded on the NYMEX, has increased by 630,000 barrels, which exceeded the market expectations. This information was provided by Genscape, which gives a preliminary assessment a couple of days before the official figures of the Ministry of Energy.

Earlier, the Ministry of Energy published data on drilling operations. It is expected that the production will be increased to 8.17 million barrels per day.

Experts emphasize that such a forecast shows an increase in the growth rates relative to previous months.


The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment