Home Amaze Oil prices collapsed because of the pessimism of the IMF

Oil prices collapsed because of the pessimism of the IMF

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In today’s trading the benchmark oil grade showed a definite decline, and the reason for such dynamics experts called the new International monetary Fund’s forecast of slowing growth in the world economy – from 3.7% to 3.5%, reports replyua.net. In particular, on London’s ICE Futures exchange, Brent futures when opening started from 62.8 per barrel (6 cents rose after closing the day before). But by 11 o’clock they dropped in price to 62,18 (62 cents, or 0.99 per cent).

Also, a similar situation is observed with WTI crude on the online session of the new York Mercantile exchange (NYMEX). At the time of opening of their price started from 54.17 per barrel, but later fell by 46 cents (0,85%) – up to 53,58 dollars per barrel. Note that on the eve of trading, WTI was not in connection with a national holiday in USA – Martin Luther king.

Earlier it was reported that the oil price broke the upward trend, which lasted almost four weeks against the background of us-Chinese talks and signals on the reduction of resource extraction in the world.

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