The oil market showed a moderate decline on Monday

On Monday, oil prices declined moderately based on Baker Hughes data on the increase in operating rigs in the US. The number of operating oil installations in the US increased last week by 10 units to a maximum from March 2015 to 869 units. Fears of a reduction in oil supplies from Iran in connection with the imposition of US sanctions on Iran's oil industry on November 5 act as support for the oil market. The problems of Turkey and the fall of the Turkish lira to the historic low of 6.91 lira per dollar led to a decrease in the market's appetite for risky assets, including raw materials. October Brent crude oil futures at 14:20 Moscow time fell 9 cents to 72 dollars 72 cents a barrel. The price of September futures for WTI oil fell by 30 cents to 67 dollars 33 cents per barrel.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: