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Brent fall "for the first time" to less than $ 57 per barrel
Alsumaria News / Baghdad
Brent crude, on Tuesday, to its lowest level in five and a half years for less than $ 57 a barrel after it squandered the ongoing concerns of a glut in global supplies.
By the time fell 11.35 Brent futures delivery February 96 cents to $ 56.90 a barrel, after checking in earlier in the session to $ 57.25, its lowest level of May 2009.
Said Ken Hasegawa, a commodity sales manager at Newedge Japan Foundation in Tokyo "No signs of any cut in production by OPEC . "
> Decline in global oil prices, with the start of "OPEC" meeting in Vienna
> OPEC: lower oil prices for the OPEC basket to $ 108.15 per barrel
He added that Brent may fall to $ 55 a barrel was US crude falls to $ 50 a barrel at the beginning of next year.
Now traders are awaiting weekly data for US oil stockpiles.
The American Petroleum Institute will issue its report later on Tuesday, while the US Energy Information Administration issued statements Wednesday.
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Alsumaria News / Baghdad
Brent crude, on Tuesday, to its lowest level in five and a half years for less than $ 57 a barrel after it squandered the ongoing concerns of a glut in global supplies.
By the time fell 11.35 Brent futures delivery February 96 cents to $ 56.90 a barrel, after checking in earlier in the session to $ 57.25, its lowest level of May 2009.
Said Ken Hasegawa, a commodity sales manager at Newedge Japan Foundation in Tokyo "No signs of any cut in production by OPEC . "
> Decline in global oil prices, with the start of "OPEC" meeting in Vienna
> OPEC: lower oil prices for the OPEC basket to $ 108.15 per barrel
He added that Brent may fall to $ 55 a barrel was US crude falls to $ 50 a barrel at the beginning of next year.
Now traders are awaiting weekly data for US oil stockpiles.
The American Petroleum Institute will issue its report later on Tuesday, while the US Energy Information Administration issued statements Wednesday.
[You must be registered and logged in to see this link.]
