World prices for oil gone down on November 17
Almaty. November 18. Kazakhstan Today - The prices for oil in the world markets on Wednesday, November 17, decreased due to the expectations that China will increase its lending interest rate and concerns of investors over reduction in demand for hydrocarbons in the future. Even reduction of stocks of oil and gasoline in the USA could not lower concerns over the near future of this market.
The official cost (settlement) of January futures oil contracts of Brent Crude Futures at the London electronic commodity exchange (InterContinental Exchange Futures Europe, ICE Futures Europe), following the results of the tenders on November 17, went down from $84.73 to $83.28 per barrel.
The official cost (settlement) of December futures contracts on the American WTI (Light Sweet) at the New York Mercantile Exchange (NYMEX), following the results of the tenders went down on November 17 from $82.34 to $80.44 per barrel.
The price of the OPEC Reference Basket on November 16 decreased from $83.67 to $82.35 per barrel.
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