Previously, oil fell repeatedly for at least one year during the seventh week.
Market participants are looking forward to meeting representatives of Russia and Saudi Arabia this week.
On Tuesday (November 27th), the oil market stabilized after the active growth the previous day – investors are waiting for new agreements by leading manufacturers.
Thus, the price of futures in January futures trading for Brent in London Stock Exchange ICE Futures decreased by 0.23% – to $ 60.34 per barrel. In the electronics trade in the New York Mercantile Exchange (NYMEX), the cost of January WTI futures transactions decreased by 0.50% to $ 51.37 / barrel.
Market participants are looking forward to seeing Russian and Saudi Arabian representatives this week already on the sidelines of the G20 summit in Argentina, which started on Friday (November 30th). It is assumed that they will discuss the situation in the oil market before the OPEC meeting, which is planned to be held on 6 December.
Earlier, US President Donald Trump described the drop in oil prices as elendir elegant Daha and thanked Saudi Arabia for this.
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