London, Jan 13 (EFE) .- A barrel of Brent crude for February delivery fell again today in the London market trading this morning at $ 45.23, the lowest level in more than five years.
Oil fell on the Intercontinental Exchange Futures (ICE) after 0730 GMT down 4.6% compared to the end of the previous day, so it continues to slide by excess production and weak demand, experts say.
The Brent, the European benchmark, was earlier today at $ 46.13, up 2.7% from Monday’s close.
According to analysts, speculation about the possibility that the United States increase its oil reserves have pushed prices down, that last year 50% were depreciated.
In addition, prices began the week with strong downtrend after investment bank Goldman Sachs considers that prices may fail to recover in the short term because the OPEC (OPEC) currently seems unwilling to cut production.
Since mid-2014, the price of Brent suffer a significant drop, but this has accelerated with the beginning of 2015 and experts believe that this trend will continue, and even do not rule that reach the barrier of $ 40.
In the biannual meeting of OPEC last November, members of the cartel decided to maintain current production levels, around 30 million barrels a day.
According to analysts, this beat supply does not correspond with the purchase of oil by consumer countries, who have acquired less.
The experts have insisted that members OPEC like Iran, Iraq, Libya and Nigeria depend on oil revenues to keep up the country, making it difficult to agree on a production cut to help this fall. EFE
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