28.11.2022,09:38
November 28, Fineko/abc.az. Prices for oil of benchmark grades are falling in Monday’s trading.
The price of January Brent futures at the London ICE Futures exchange by 9:25 am decreased by $2.39 (2.86%) to $81.24 per barrel. Following the trading on 25 November, these contracts fell by $1.71 (2.00%) to $83.63 per barrel.
By 9:25 am, the price of WTI crude oil futures for January on the electronic trading of the New York Mercantile Exchange (NYMEX) fell by $2.31 (3.03%), to $73.97 per barrel. Following the trading on 25 November, the value of these contracts slumped by $1.80 (2.31%), to $76,28 per barrel.
At the end of last week, Brent fell by 4.55% and WTI by 4.78%.
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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