The price for North sea mixture of Brent crude dropped to $ 37.99 for the dollar per barrel. The cost of raw materials WTI decreased to 36,23 USD. Investors are awaiting the outcome of the December FOMC meeting.
MOSCOW, Dec 15. World oil prices show the dynamics of an uncertain, descending and returning to growth, as investors are awaiting the commencement of the two-day Federal reserve meeting later Tuesday, according to AFP.
As at 07.22 GMT the price of February futures for North sea petroleum mix of mark Brent fell by 0.04% to $ 37.99 for the dollar per barrel. The price of January futures for oil of mark WTI has decreased on 0,22% — to 36,23 USD per barrel.
Investors expect the December FOMC meeting, which will begin Wednesday and where the regulator may decide on the first since June 2006 the increase in the interest rate. The rate increase will lead to growth of the American currency, which negatively will affect the price of “black gold”, making it more expensive for owning foreign currency investors.
On the other hand, the value of the dollar decreases, which is supporting oil prices. The dollar index (the dollar against a basket of currencies of six major U.S. trading partners) fell by 0.13% to 97,45 item.