The price of oil operated in low, last Tuesday, October 16, and investors foresee the reduction of crude oil exports, because of the sanctions of the United States. The export will be replaced by the other major producers.
The forecast is that WTI oil fell 0.86% for the month of October, from US $71.16 per barrel, in the New York Mercantile Exchange (Nymex). The price of Brent is US $80.08 the barrel for December, at the ICE (Institute of Exact Sciences).
Even with the falls, the investments of the major producers, such as Saudi Arabia and Russia, have supplied the dismissing. For the International Energy Agency, oil prices have been controlled by a global offering, while the members of OPEC (Organization of Petroleum Exporting Countries) and Russia have been increasing production to fill deficits.
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