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Oil prices go down again

On Friday, December 18, in the course of trading on the world stock exchanges it was noted further decrease in oil prices, though initially the cost of trading the primary energy source has increased.

A small increase was caused by the weakening of the dollar. But then the news came on the reluctance of Russia to cooperate with the Organization of countries-exporters of oil (OPEC) and the price crept down.

The price of a barrel of oil brand «Brent» in the January futures reached of 36.85 USD.

The price of a barrel of WTI oil futures for January amounted to $ 34,52.

The fall in oil prices continues for the third consecutive week, amid reports about the overflow of oil storage tanks in the United States and the decision of OPEC not to cut quotas at delivery, adopted under pressure from Saudi Arabia. Most from the collapse in prices has affected Venezuela, Algeria, Nigeria, and Iran.

In this regard, Vice President of Iran, Eshaq Jahangiri, who was on a visit to Algeria, said a «big conspiracy» against the interests of exporters of oil, reports Oriental Express.

Oil prices go down again 18.12.2015

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