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Amid OPEC decision oil prices fell below $ 40 per barrel

The price of a barrel of oil brand West Texas fell below the important psychological barrier of $ 40 and amounted at the end of the trading session in new York 39,75 USD per barrel. The daily decline was 3.2%.

Brent crude fell 2.5% to 42,74 per barrel.

The cause of the collapse – the decision of the oil cartel OPEC to formally increase the quota for oil production from 30 to 31.5 million barrels a day.

It should be noted that the decision was only a formality, because in September the members of the organization exceeded the official quota and brought production to 31,57 million barrels per day.




Amid OPEC decision oil prices fell below $ 40 per barrel 05.12.2015

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