After a long growth for five weeks in a row, “black gold” began to become cheaper.
The beginning of a new working week in the oil market was marked by a turning point: the prices of reference grades of oil, after rising for 5 weeks, began to fall, reports Dialogue.UA.
Thus, it became known that the cost of a marker grade of oil, North Sea Brent, on the London ICE Futures exchange fell to 84.3 US dollars per 1 barrel. Thus, in comparison with the indicators of Friday, July 28, the prices for this type of raw material sank by 0.7%.
In turn, the price of futures for another benchmark brand, Texas WTI, in electronic trading on the New York Mercantile Exchange this morning fell by $0.37, amounting to $80.2 per barrel.
At the same time, according to new data, prices for both marker grades of oil in the second half of the day returned to their previous levels.
Nevertheless, financial analysts, looking at the current situation in the oil market, admit that now there may be a turning point, after which prices will fall even lower.
As we wrote earlier, the Russian economy is going into crisis due to a shortage of oil and gas revenues in the state budget.
Let’s add, for 4 months of the current year, revenues to the budget of the Russian Federation from taxes from oil and gas decreased by 2 times.
Author: Svyatoslav Rybalchenko
2023-07-31 12:29:51
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