Oil continues falling on the statistics from China

Oil continues falling on the statistics from China


As at 14.23 Moscow time the cost of December futures for North sea petroleum mix of mark Brent fell by 1.37% to 49,77 dollars per barrel. The price of December futures for oil of mark WTI has decreased on 1,04% – to 47.23 the dollar per barrel.

MOSCOW, 19 Oct. World oil prices continue to show negative dynamics on the background of slowing economic growth in China, which is one of the largest consumers of oil, as well as the growth of reserves of “black gold” in Saudi Arabia.

The survey

What, in your opinion, related to a decrease in oil prices?

  • With increased production
  • The difficult economic situation in the world
  • With the collusion of a number of countries-producers
  • The reason the political situation
  • No answer

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