WTI fell below $40 per barrel

WTI fell below $40 per barrel


The cost of the January futures for North sea Brent blend was opuscules on 0,01% – to 43.58 per barrel, the price of December futures for light WTI oil – on 0,96%, to 40,27 USD per barrel.

MOSCOW, 18 Nov. The price of WTI crude oil on Wednesday fell below the psychological level of 40 dollars per barrel on data from the U.S. Department of energy weekly inventories of raw materials in the country, according to AFP.

As at 20.23 Moscow time the cost of January futures for North sea Brent blend was opuscules on 0,01% — to 43.58 per barrel, the price of December futures for light WTI oil — on 0,96%, to 40,27 USD per barrel.

Earlier in the course of trading the WTI crude oil price punched down for the first time since August 27 the psychological mark of $ 40 per barrel, reaching a footprint of 39.96 dollar at 19.45 GMT.

According to a weekly review of the energy information administration of the U.S. Department of energy, commercial oil reserves in the country (excluding strategic reserves) for the week ended 13 November, rose by 0.3 million barrels, or 0.1% to 487,3 million barrels. Analysts polled by Reuters had expected the index increased by 1.9 million barrels to 488,9 million barrels.

Oil production in the U.S. last week, according to the Ministry, declined by 0.03%, or 3 thousand barrels a day — up to 9,182 million barrels. The oil reserves in the country’s largest terminal Cushing (Cushing) has increased by 1.5 million barrels — to 56.9 million barrels.

Gasoline inventories in the U.S. rose by 1 million barrels, or 0.5 percent, to $ 214,3 million barrels. Analysts, on the contrary, expected to reduce the rate of on 0,367 million barrels. Distillate inventories decreased by 0.8 million barrels, or 0.6% to 140,3 million barrels. Analysts predicted that the indicator will decrease by one million barrels of 0.533.