Brent crude fell below $87 for the first time since January 25

The price of Brent crude fell below $87 a barrel for the first time since January 25

© RIA Novosti / Maxim Bogodvid / Go to mediabankOil production

Oil production - RIA Novosti, 1920, 09/23/2022

"thumbnail": [

{ "@type": "ImageObject", "url": "https://cdnn21.img.ria.ru/images/07e6/06/03/1793025950_0:143:3283:1990_640x0_80_0_0_8b9f6a2cb7e51873700ae15f5300ad5d.jpg", "image": "https://cdnn21.img.ria.ru/images/07e6/06/03/1793025950_0:143:3283:1990_640x0_80_0_0_8b9f6a2cb7e51873700ae15f5300ad5d.jpg" } , { "@type": "ImageObject", "url": "https://cdnn21.img.ria.ru/images/07e6/06/03/1793025950_851:224:2675:2048_640x0_80_0_0_137c20c3291d3d39efe01595fe72a035.jpg", "image": "https://cdnn21.img.ria.ru/images/07e6/06/03/1793025950_851:224:2675:2048_640x0_80_0_0_137c20c3291d3d39efe01595fe72a035.jpg" } , { "@type": "ImageObject", "url": "https://cdnn21.img.ria.ru/images/07e6/06/03/1793025950_352:0:3083:2048_640x0_80_0_0_0df75d01ecbf3e5db8ed622eae227a5e.jpg", "image": "https://cdnn21.img.ria.ru/images/07e6/06/03/1793025950_352:0:3083:2048_640x0_80_0_0_0df75d01ecbf3e5db8ed622eae227a5e.jpg" }

],

"width": 640, "height": 360 }

"thumbnail": [

{ "@type": "ImageObject", "url": "https://cdnn21.img.ria.ru/images/07e6/06/03/1793025950_0:143:3283:1990_1280x0_80_0_0_518d604ae1977775e768d9afefb41ea7.jpg", "image": "https://cdnn21.img.ria.ru/images/07e6/06/03/1793025950_0:143:3283:1990_1280x0_80_0_0_518d604ae1977775e768d9afefb41ea7.jpg" } , { "@type": "ImageObject", "url": "https://cdnn21.img.ria.ru/images/07e6/06/03/1793025950_851:224:2675:2048_1280x0_80_0_0_c40c46c5736ab03a14ecb9259218eaeb.jpg", "image": "https://cdnn21.img.ria.ru/images/07e6/06/03/1793025950_851:224:2675:2048_1280x0_80_0_0_c40c46c5736ab03a14ecb9259218eaeb.jpg" } , { "@type": "ImageObject", "url": "https://cdnn21.img.ria.ru/images/07e6/06/03/1793025950_352:0:3083:2048_1280x0_80_0_0_0f113d0bd54d7a23564b88755187afe0.jpg", "image": "https://cdnn21.img.ria.ru/images/07e6/06/03/1793025950_352:0:3083:2048_1280x0_80_0_0_0f113d0bd54d7a23564b88755187afe0.jpg" }

],

"width": 1280, "height": 720 }

{ "@type": "ImageObject", "url": "https://cdnn21.img.ria.ru/images/07e6/06/03/1793025950_0:143:3283:1990_1920x0_80_0_0_7aa5057b992a8604006ded91528733ea.jpg", "image": "https://cdnn21.img.ria.ru/images/07e6/06/03/1793025950_0:143:3283:1990_1920x0_80_0_0_7aa5057b992a8604006ded91528733ea.jpg" } , { "@type": "ImageObject", "url": "https://cdnn21.img.ria.ru/images/07e6/06/03/1793025950_851:224:2675:2048_1920x0_80_0_0_5f4ce6ebd93f0c112166ff8bbdccf914.jpg", "image": "https://cdnn21.img.ria.ru/images/07e6/06/03/1793025950_851:224:2675:2048_1920x0_80_0_0_5f4ce6ebd93f0c112166ff8bbdccf914.jpg" } , { "@type": "ImageObject", "url": "https://cdnn21.img.ria.ru/images/07e6/06/03/1793025950_352:0:3083:2048_1920x0_80_0_0_6662b8cc3c8b847413b2faffa5ad6b5a.jpg", "image": "https://cdnn21.img.ria.ru/images/07e6/06/03/1793025950_352:0:3083:2048_1920x0_80_0_0_6662b8cc3c8b847413b2faffa5ad6b5a.jpg" }

],

"width": 1920, "height": 1080 }

Oil production. Archive photo
MOSCOW, September 23 – RIA Novosti. World oil prices accelerated the fall to 4-5%, Brent fell below $87 per barrel for the first time since January 25, WTI is cheaper than $80 for the first time since January 11, according to data trades.
As of 4:40 pm Moscow time, the price of November futures for Brent crude fell by 4.55% to $86.34 per barrel. November WTI futures fell 5.23% to $79.12.
According to Giovanni Staunovo, a commodity analyst at UBS Group AG, quoted by Bloomberg, the decline in oil prices is due to the strengthening of the dollar – its index (the exchange rate against a basket of currencies of six countries – US trading partners) is now trading at its highest values ​​in 20 years.
Also, according to Staunovo, pressure on the price of oil is exerted by the aggressive tightening of the monetary policy of central banks. So, on Wednesday, the US Federal Reserve raised its base rate by 75 basis points – up to 3-3.25%. In addition, the chairman of the regulator, Jerome Powell, said that the Fed could go for a further increase in its 125 basis points before the end of 2022.
Oil prices can also end the week in the red – since Monday, Brent has fallen in price by 5.3%, WTI – by 6.7%.
Oil rocker - RIA Novosti, 1920, 09/23/2022

Media: EU wants to set a price ceiling for Russian oil due to mobilization

Leave a Reply