The price of oil Brent for the first time since December fell below 53 dollars
Brent during trading on the ICE exchange in London for the first time since the beginning of December last year fell to $ 53.
This writes Lenta.ru referring to the auction.
The price of futures with delivery in may 2017 fell more than 5 percent to 52.96 percent. Then, the Brent price rose to of 53.19 per barrel.
WTI has also updated the lows of December last year, the fall exceeded 5 percent. The evening of 8 March it was sold at a 50,33 per barrel.
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It is noted that oil prices fell after the data, U.S. Department of energy on oil reserves in the country. From 24 February to 3 March, they grew by 8.22 million barrels to 528,4 million barrels, while analysts expected an increase of 1.97 million barrels.
Recall, 10 December 2016 at the meeting in Vienna, Austria 11 countries joined the initiative of OPEC to reduce oil production, it begins to rise.
In particular, about the decision said Azerbaijan, Bahrain, Brunei, Equatorial Guinea, Kazakhstan, Malaysia, Mexico, Oman, Russia, the Republic of the Sudan and the Republic of South Sudan. From the agreement refused Bolivia is the only country outside OPEC, whose representatives participated in negotiations in Vienna.
According to world agencies, the aggregate mining 11 countries will be reduced by 558 thousand barrels per day, that is slightly less than set at the beginning the goal of 600 thousand barrels.