1. Home
  2. Maritime industry news - PortNews
  3. Oil prices decrease in response to US reserves statistics

2020 October 7   09:23

Oil prices decrease in response to US reserves statistics

Oil prices fell by 1.48-1.79%

As of October 7 (08:11 Moscow time), Brent Crude futures for December delivery fell by 1.48% to $42.02 per barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures for November delivery on the New York Mercantile Exchange decreased by 1.79% to $39.94 per barrel.

OPEC+ approved on April 12, 2020, new oil output cut by 9.7 million bpd in May-June, 7.7 million bpd in the second half and 5.8 million bpd by May 2022.

Latest news

2025 June 12

2025 June 11

2025 June 10

Mon Tue Wed Thu Fri Sat Sun
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31