The price of crude oil falls to its lowest level since 2017 | In the agenda


Photo: Archives

Photo: Archives

This Friday saw the fall in the price of oil to its lowest level in more than a year, and its biggest monthly decline since the end of 2014.

At the same time, oil producers have an evasive maneuver that consists of cutting oil production to try to increase the global remainder, just two weeks after a meeting with the government. OPEC.

For January, the cost of a barrel of Brent It was found on the London Stock Exchange for the first time since 2017, to $ 60.29 in just the first hour of operation. This happened as a result of the oversupply in the production of crude oil Saudi Arabia.

For its part, the barrel of WTI Also, for January it drops 2.39 dollars to 52.24 dollars. This Friday saw a fall of up to $ 51.73, its lowest level.

Experts believe that USA, They put pressure on Saudi Arabia and OPEC not to cut production, as Saudis has reported that they would.

The president of United States, Donald Trump, Can return the sanction to Saudi Arabia for the death of disident journalist and writer Jamal Khashoggi, Since the supply of oil exceeded by the demand, which would undoubtedly help lower the prices much more to the experts.

"It will be politically difficult for Saudi Arabia to organize a co-ordinated cut of supplies OPEC On December 6 at the conference in Vienna, "said Alex Yakob, an analyst at Petromatrix, To the agency AFP.


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