Brent crude oil fell below $ 50
The cost of Brent crude oil on London's ICE exchange dropped below $ 50 a barrel for the first time since early October. According to 14:47 MSK, a barrel reference mixture allowed 49.93 dollar. This is according to a trading platform.
Brent has fallen in price by almost two percent. It depreciates against the background of growing doubts in OPEC's ability to agree on a production freeze. Iraq, Iran, Nigeria and Libya assumed that can not accede to the agreement.
October 23, Minister of Energy of Saudi Arabia Khalid al-Falih during the meeting with the head of the Russian Ministry of Energy Aleksandrom Novakom told about the intention to stabilize the oil market.
October 19 The International Monetary Fund has published a forecast that the average price of Brent oil, Dubai Crude and WTI does not exceed $ 60 per barrel in 2021.
OPEC countries have reached a preliminary agreement on the freezing of oil prices on 28 September. The cartel members set a production ceiling of 32.5 million barrels per day. The final version of the agreement must be signed at the meeting in November.
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