The cost of the September Brent crude oil futures on the London ICE Futures Exchange fell below $ 50 a barrel. As of 19:05 MSK, a barrel of oil was trading at $ 49.95. This is the lowest level since January. With the opening of today’s trading Brent fell more than $ 2,5.
In parallel falls and the price of WTI crude oil on the New York Mercantile Exchange. Losing a day of almost $ 2, oil futures for September delivery traded late Monday at $ 45.39 per barrel.
The negative trend in the prices of oil futures transactions due to fears of oversupply oil on the world market, says RBC-Quote. Pressure on oil quotes today and provides the latest information about the slowdown in China’s economy. In addition, the reduction of oil prices contributes to a weekly information for Baker Hughes to increase the number of towers in the United States, the leading drilling for oil.
Falling oil prices have an impact on the Russian ruble. In trading on the Moscow stock exchange on Monday evening the dollar and the euro strengthened significantly, rising above 63 rubles. and 69 rubles. respectively.
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