The price of Brent crude fell below $ 65

© RIA Novosti / Maxim to Bogodeeva in photobacteria oil. Archival photoThe price of Brent crude fell below $ 65© RIA Novosti / Maxim to Bogodeeva the image Bank

The price of Brent crude oil on Tuesday night fell below $ 65 a barrel for the first time since March 16, should be from these trades.

The night before Brent cost more than $ 70 per barrel. As of 23.39 MSK price of January futures for North sea petroleum mix of mark Brent has decreased by 7.43% to 64,91 per barrel.

The price of oil WTI the day fell below $ 55 a barrel for the first time since March 16, 2017.

As at 23.49 GMT the cost of the December futures for WTI dropped by 8.31% to 54,95 dollars per barrel. In the course of trading, the price fell to 54,77 dollars per barrel.

Dynamics of prices

Oil prices remain under pressure caused by the relief from Washington for the largest consumers of Iranian oil.

The additional US sanctions against Iran, which involved the export of oil, entered into force 5 Nov. The US Secretary of state Mike Pompeo announced that Washington provides temporary exceptions to the oil sanctions to China, India, Italy, Greece, Japan, South Korea, Taiwan and Turkey.

In addition, the media reported that Iraq hopes to negotiate with international companies to assist in increasing oil production and expanding export capacity.

Read more about oil prices read more here >>The price of Brent crude fell below $ 65© Infographicsrussia forces in the world oil market

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