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Expert: The decline in oil prices is the worst since the Second World War

rocky
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Expert: The decline in oil prices is the worst since the Second World War Empty Expert: The decline in oil prices is the worst since the Second World War

Post by rocky on Thu 19 Mar 2020, 2:07 am

Expert: The decline in oil prices is the worst since the Second World War

Expert: The decline in oil prices is the worst since the Second World War 2019-06-1014-29-09.364952-oill
  
{International: Al Furat News} The head of the investment division of Invest Partner, Vladimir Tsubrov, considered that the drop in oil prices below the level of $ 25 a barrel witnessed by the markets is now the worst since the Second World War.
The expert said, what is happening in the market is caused by an imbalance between supply and demand, and the price of a barrel of oil could fall below $ 20, the situation that we are witnessing an unprecedented perhaps since World War II. " As
well as the expected decline of the ruble Russian with a decline in oil prices, The Russian currency is currently trading at the level of 81 rubles per dollar, after it was the beginning of this year in the range of 61 - 64 rubles per dollar,
and the price of a barrel of oil "Brent" brand fell Wednesday below the level of 25 dollars per barrel, which is the lowest level since 2003, while US crude futures tumbled to their lowest level in 18 years.
lost p D of oil more than half of its value over the past ten days.
Goldman Sachs said that global demand for oil by the end of March may drop by between eight million to nine million barrels per day, indicating that oil prices may continue to decline in the coming period.
The fall in oil prices accelerated this month after Moscow and Riyadh failed to reach an agreement on production cuts beyond March 2020, fueling fears of a major market glut.


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    Current date/time is Sun 20 Sep 2020, 12:51 pm