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Oil fell in price due to the increase of export from Iran

Tuesday, 4 October 2016 14:30
Нефть упала в цене из-за увеличения экспорта из Ирана

Export of crude oil from Iran has increased, against which there is a strong decline in oil prices. It supports the already existing oversupply of oil on the oil market. Just after the start of implementation of the proposed care plan oversupply may reduce. In the morning the price of Brent crude oil was $50.70 per barrel. Previous closing was above 0.37%. The price of WTI crude oil reached $ 48.56 per barrel, down compared to the previous closing at 0.5%.

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Jonathan French
Jonathan French

Trader, 54 years old. I've been working as a financial analyst for 25 years. I write analytical reviews for financial media and manuals for traders. I make financial forecasts