oil futures fell strong in the midst of the uncertainty generated by the meeting next week of the OPEC in which they will discuss a cut in production quotas
On the Nymex, the oil of Texas (WTI) fell today to a nearly $ 2, or 3,96%, and closed at u$ s 46,06 the barrel.
At the International Exchange Futures, the barrel of oil Brent for delivery in January ended with a decrease of u$ s 1,76 and closed at u$ s 47,24, a 3,59% less at the end of the previous session.
despite the decline today, the price of WTI has closed with a positive balance weekly, since last Friday, the barrel ended with a price of 45,69 dollars for the contracts of December, the closest to that day.
The fall of today was attributed by analysts to the belief that, at its ministerial meeting November 30 in Vienna, OPEC will not approve a reduction of production quotas to cope with the excess supply that exists in the market.
Monday will meet in Vienna various ministries from countries not members of OPEC, such as Mexico and Russia, with representatives of the cartel oil, to try to fix a common strategy.
Moscow has moved on yesterday that it is willing to freeze your withdrawals, but not to put them down, while the OPEC aspires to limit their pumping around a million barrels per day compared to its current level.
The group led by Saudi Arabia and its partners in the Gulf will celebrate its official meeting in the austrian city on Wednesday, when it is expected that rubriquen the preliminary agreements that arrived in September.
The excess of global production has depressed the price of crude oil in more than 50% since 2014, which has caused the loss of thousands of jobs in the sector and has stalled new exploration.
soybeans rose in Chicago
The future of the soy in the Chicago Stock exchange rose Friday in a short session, driven by data export weekly better than expected and purchases techniques, in both, corn and wheat closed with low.
The Department of Agriculture of the united States (USDA, for its acronym in English) reported that export sales of soybeans in the united states last week almost reached 1.9 million tonnes, above the range of market expectations of between 1.2 million to 1.5 million tonnes.
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