24.11.2022,08:49
November 24, Fineko/abc.az. Prices for oil of benchmark grades continue falling in Thursday’s trading after a drop at the end of the previous session.
The cost of January Brent futures on the London ICE Futures Exchange decreased by 8:30 am by 0.21 (0.25%) and is $85.20 per barrel. Following the trading on 23 November, these contracts fell by $2.95 (3.34%), to $85.41 per barrel.
By 8:30 am, the price of WTI crude oil futures for January on the electronic trading of the New York Mercantile Exchange (NYMEX) fell by $0.13 (0.17%), to $77.81 per barrel. Following the trading on 23 November, the value of these contracts collapsed by $3.01 (3.72%), to $77.94 per barrel.
Two important events took place in December from angle of energy security. Azerbaijan and Romania signed an agreement on gas supplies. Gas supply will start soon. Thus, Romania joins the group of countries of the Southern Gas Corridor.
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