The cost of Brent crude on Wednesday fell to the lowest level in three months, according to the auction. According to Bloomberg, oil is cheaper on the news about the success of the Republican candidate Donald trump at the election of the President of the United States.
The futures price for Brent crude oil for January delivery on London’s ICE Futures exchange fell to $44.4 per barrel, which is 3.5% below the closing level. Last time cheaper this level the price of Brent crude fell from 11 August then in the course of trading the price of a barrel fell to $accounting period by 43.46.
According to 09.16 GMT Brent oil lost in value of 2.24% and was trading at $45,01 per barrel.
The price of the December futures contracts for oil WTI on the new York Mercantile exchange dropped to $43,07 per barrel. It is more than 4% below the price at the closing of the previous auction and the lowest since September. According to 09.12 GMT, WTI crude oil became cheaper by 2.58% to $43,82 per barrel.