According to the results of trading on Tuesday, November 20, world prices for black gold fell by 7% per day. On Wednesday, November 21, the cost of futures for Brent crude fell by 6.4% to $ 62.53. WTI light oil futures fell 6.6% to $ 53.43.During the trading session, the fall in Brent quotes reached 7.6%. The price of this brand has demonstrated at least since last December, reaching $ 61.71. At the moment, Brent crude oil is worth $ 63.28, and the cost of futures for WTI is at around $ 54.33.At the beginning of last month, the price of Brent crude oil mixture fell by 28%, while the price of WTI fell by 30%. Quotations reduction was preceded by statements by US President Donald Trump that Saudi Arabia, despite the recent assassination of journalist Jamal Khashoggi, will remain a US trading partner. The statements of the head of the White House caused rumors about the unwillingness of Saudi Arabia to reduce oil production in exchange for US loyalty.According to experts, the recent collapse of the oil market was caused by the flight of investors to the safe haven assets. US stock indices per day collapsed by 1.7-2.2%, analysts remind. Global oil prices were also affected by the easing of Iranian oil by consumers, imposed by the D. Trump administration after the sanctions.
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