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  • OIL FALLS $3 TO 4-YEAR LOW AFTER OPEC LEAVES OUTPUT UNCHANGED

OIL FALLS $3 TO 4-YEAR LOW AFTER OPEC LEAVES OUTPUT UNCHANGED

randholm
November 27, 2014 11:31 am / Published in Market Update

OIL FALLS $3 TO 4-YEAR LOW AFTER OPEC LEAVES OUTPUT UNCHANGED

 

Hoy los mercados de USA están cerrados por Thanksgiving pero la OPEC ha decido mantener la  producción de petróleo independientemente de la cantidad de oferta que hay en el mercado.

 

Esto lleva al petróleo a mínimos en tres años.

 

Adjunto datos abajo.

 

Oil drops to lowest since August 2010

OPEC leaves oil output unchanged

 

By Ahmed Aboulenein and Jack Stubbs

LONDON, Nov 27 (Reuters) – Brent crude oil fell more than $3 to a fresh four-year low under $75 a barrel on Thursday after OPEC decided not to cut production, despite a huge oversupply in world markets.

Asked whether the oil producer group had decided not to reduce production, Saudi Arabian Oil Minister Ali al-Naimi told reporters: "That is right." (Full Story)

Oil prices have fallen by more than a third since June as increasing production in North America from shale oil has overwhelmed demand at a time of sluggish global economic growth.

Ministers from the Organization of the Petroleum Exporting Countries had been discussing whether to agree a production cut at their meeting in Vienna.(Full Story)

Benchmark Brent futures  LCOc1 were down by $2.50 a barrel at $75.25 by 1500 GMT, after hitting a low of $74.36, their lowest since August 2010.

U.S. crude  CLc1 was at $71.50, down $2.19.

 

 

 

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