Strongest decline in oil prices in over two years – Volkskrant

Strongest decline in oil prices in over two years – Volkskrant

Edited by: Staff – 09/30/14, 11:33 – Source: ANP

© anp. The futures (futures) for both Brent crude oil and American oil have declined since the beginning of July by 13 percent.

Oil prices are headed for the strongest quarterly decline in more than two years. Traders in the black gold gamble out that potential production disruptions in the Middle East in the USA and are compensated. Elsewhere in the world

The futures (futures) for both Brent crude oil and American oil have declined since the beginning of July by 13 percent. On the one hand the production in Iraq, the

second largest oil producer in OPEC, under pressure from the bombing of targets Islamic State, while production in the United States continues to swell.

That’s a big difference with the situation in 2011 and 2012 when conflicts in Libya and Iran made just before a sharp rise in oil prices. Brent crude oil was traded Tuesday morning for $ 97.36, crude American oil cost $ 94.71 per barrel.

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