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The fall in oil prices slowed on commodity exchanges

The fall in oil prices slowed on commodity exchanges

The price of WTI oil futures for January fell by $0.8 per barrel, according to data from the New York Mercantile Exchange on November 23 at 8:20 Moscow time.

The price of January West Texas Intermediate crude oil futures during Asian trading on the NYMEX exchange rose to $76.3 per barrel, 1.1% less than the closing level of the previous day. West Texas crude oil futures prices fell for the second day in a row. The previous day, quotes fell below $74 per barrel, after which prices began to rise.

The price of Brent oil futures for January delivery on the London ICE Exchange rose to $81 per barrel, 1.2% lower than the previous trading level.

The fall in oil prices occurs against the backdrop of an increase in raw material reserves in the United States. In addition, stock speculators react to the postponement of the OPEC+ meeting to November 30 due to disagreements over the volume of reduction in raw materials production.

Source: Rossa Primavera

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