Exhausted effect from attacks on the oil plant in Saudi Arabia
The oil market dropped by Friday amid signs of easing tensions in the middle East.
This according to the auction, reports “Economic truth”.
The price of November futures for Brent crude on London’s ICE Futures Europe exchange at the close of trading amounted to 62,31 dollars per barrel, which is 0.43 dollar (0,69%) below the closing level of the previous session.
Futures for WTI crude oil for November on trading on the new York Mercantile exchange (NYMEX) by this time has fallen in price on 0,03 dollars (0,05%) – to 56,39 USD per barrel.
Earlier in the trading value of the contract fell to 54.75 per barrel.
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Thus, oil quotes have lost all the growth that accumulated after attacks on oil facilities in Saudi Arabia earlier in September, according to Bloomberg.