Date: 2 weeks ago   Category: Economy

Prices of oil fall - RIA Novosti, 9/5/2018


Oil production. Archival photo
MOSCOW, 5 Sep — RIA Novosti. The world prices for oil on Wednesday fall after fears of sharp decrease in production in connection with the storm "Gordon" in the Gulf of Mexico have settled, data of the auction demonstrate. As of 8:22 Moscow time cost of November futures for the North Sea oil mixture of the Brent brand it fell by 0,42% — up to 77,84 dollars for barrel, October futures for WTI crude oil — for 0,7%, up to 69,38 dollars for barrel. A day earlier the oil prices rose by 1,7-2%. Brent exceeded during trading a mark of 79 dollars for barrel, having updated a maximum since July 10 in 79,72 dollars for barrel. Increase in prices has been provoked by news about approach of the storm "Gordon" to the American coast in the Gulf of Mexico. The Anadarko Petroleum company has reported on Monday that it evacuated personnel and has stopped operation of two drilling rigs in the Gulf of Mexico.

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