Date: 10 months ago   Category: Economy

The price of the Mexican oil mixture has reached a maximum in four years - RIA Novosti, 10/2/2018


MEXICO CITY, 2 Oct – RIA Novosti. The price of the Mexican oil mixture on Monday has reached a maximum in four years against the background of expectation of reduction of export from Iran because of the American sanctions, AP Photo/Hasan Jamali Brent crude oil given the auction.© demonstrate I have established a price maximum since 2014 годаПо to results on October 1 the cost of barrel of the Mexican mix was 76,34 dollars, for the first time since October, 2014 having overcome a mark of 76 dollars. Thus, the Mexican mix costs more WTI which futures for November cost as of 5:47 Moscow time 75,5 dollar. The price of December futures for Brent was 85,01 dollars. These two brands of oil have also reached price maxima since 2014. Traders are afraid of reduction of the offer in the global market because of sanctions of the USA against Iran. The USA, having left in May the agreement on the nuclear program with Iran, restore sanctions against the country, against the energy sector they will come into force at the beginning of November. Washington has declared the purpose to bring export of oil from Iran to zero. Besides, oil was supported by news about the trade agreement between Mexico, the USA and Canada which will be called USMCA instead of NAFTA now. As expected, the document can be signed on November 29 within the G20 summit in Buenos Aires.

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