13:13 GMT +319 November 2019
Listen Live
    Oil pump jack

    Brent Oil Price Falls Below $60 for First Time Since January 2019

    Get short URL

    Late last year, analysts from Swiss investment banking group Julius Baer suggested that Brent crude price will remain within the $60-$80 per barrel in 2019.

    Brent oil price fell bellow $60 per barrel on Wednesday for the first time since the beginning of the year.

    The slump comes as the US Department of Energy has published a weekly report on the country's oil reserves. According to the report, the reserves have increased by 6,77 million barrels and make some 483,26 million barrels.

    Last week, Maj. Gen. Yahya Rahim Safavi, a senior military adviser to Iranian Supreme Leader Ali Khamenei, warned that any armed clash between Iran and the United States in the Persian Gulf would lead to an immediate jump in oil prices to above the $100 a barrel mark.


    Oil Prices Surge Amid News of Sabotage Against Tankers in UAE Port
    Price Drop: Iran Pulls Out Stops to Sell Oil to Counter US Sanctions - Minister
    Saudi, OPEC Officials Deny Speaking to Trump About Oil Prices - Reports
    oil price, Brent, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik