Global oil prices continue to decline


Global oil prices continue to decline on November 18 morning due to the possibility of a temporary surplus of crude on the market, Report informs referring to trading data and analysts’ comments.

As of 8:00 a.m. (GMT+4), January futures for Brent crude oil dropped by 0.39% to $79.97, January futures for WTI crude fell by 0.66% to $77.03 per barrel.

The decline in oil prices began on November 17, and at the same time Brent was already falling in price below $80 per barrel, for the first time since October 7. Investors continue to assess US President Joe Biden’s request to Chinese leader Xi Jinping to free up oil reserves.


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button