Oil prices fall near $ 37 a barrel
12/30/2015 0 Comments
BAGHDAD / JD / .. landed price of crude oil futures on Wednesday near $ 37 a barrel as the market remained under pressure due to slowing demand and large supplies as prices expectations affected by short-term wave of cold weather in Europe and the United States.
According to a Reuters report, crude prices fell about two-thirds of their value since mid-2014, where Increased production from members of the Organization of Petroleum Exporting Countries Countries (OPEC) and Russia and the United States to a global surplus of between half a million and two million barrels per day.
In recent forecast a slowdown in demand, particularly in Asia began, but also in Europe pressure on
prices., with a trading price of crude West Texas Intermediate futures to $ 37.22 a barrel, down 65 cents, or about 1.72 percent from the last settlement price in the previous session. Brent fell 33 cents to $ 37.46 a barrel.
And landed Khami measurement global prices earlier in the session to $ 37.11 and $ 37.22 per barrel, respectively. He said traders said the decline resulted from several reasons, the most important was the closure of trading weak and the outlook for next year's records. The crude prices come under more pressure in light of expectations to be a period of cold weather in Europe and the United States short. Rose American Van and Brent about three per cent in the previous session hoping to enhance the cold weather and low temperatures demand for oil for heating purposes.