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Business / Finance

The rapid fall of oil lasts — Brent approached $82, WTI — $76

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Such quotations lower the cost of American oil to a level close to cost, and greatly reduce the profits of American oil workers.

Tools for monitoring oil prices show that after an early morning dip it is kept at low level. Small quotes Brent afternoon reached $82.07 per barrel.Tuesday at the European and global stock exchanges continued rapid fall of the main types of oil — Brent and WTI least than a day lost in cost more than 2 bucks per barrel.

the Drop confirms the European Agency and online tools of the trade.

Crude oil, European Brent (grade mined in the North sea) to the middle of the morning trading session lost 2.5% and fell to $82.62 in English Mercantile exchange. South American crude oil is currently traded on the quotes around $76 per barrel, reports the English paper the Telegraph.

through such measures Saudi miners plan to increase its stake in the South American market.

As is clear, the cost of oil is the main parameter that determines the deficit of the Russian budget.

WTI also continues to decrease in the direction of the indicator $76.

the Quotations Russian Urals oil will be known after the end of the trading day. As evidenced by the graphs, Urals, usually cheaper after a certain number of days after a sustained lowering the prices of European and South American oil.

Recall, analysts note that a prerequisite for the falling price of oil began lowering the prices of its supplies from Saudi Arabia to the US and Asia, which previously announced the state oil company Saudi Arabian Oil.