The decline in prices continues, 6 Jan.
The price of Russian Urals crude fell to the lowest level since February 15, 2018, reports the Chronicle.info with reference to the Correspondent.
In this month oil has fallen in price on 23%. This is due to fears on the background of the coronavirus in China.
So, on the eve of the price of Urals fell by 2.6% to 3.39 million RUB over the barrel ($52,93) — the minimum value since February 15, 2018. At the end of the day she stuck around to 3.41 million RUB ($53,25), having lost for day of 1.7%.
The decline in the ruble value of the oil occurred after the price drop on the European oil market.
According to Reuters, on Monday, the price of Russian Urals oil on the spot market fell to $52,82 per barrel — the lowest level since January 2, 2019. 2.5% of values below the Friday’s close.
Sure the price reduction lasts from January 6, and during this time it fell by more than 23%.
Note, the situation with coronavirus affects other brands of oil. Since the beginning of the outbreak, Brent crude lost more than $ 11. And before it has updated the annual minimum.