Wednesday , May 12 2021

Oil "sink" more than 20 percent



Oil "sink" more than 20 percent

There are oil prices on the way to lose this week, as well as for the fifth consecutive time, and last month it sailed over 20 percent. It is expected that the price of oil will be under pressure in the next few days.


From the beginning of the week, the price of barrels on the US market slid was 2.4 percent to $ 61.65, while sinking 2.8 percent to $ 70.8 in the London market, Hina said.

Although they are relatively stable on Friday, analysts say that further drop prices are possible as they join the "bear" area.

From August to early October, oil prices rose strongly, reaching the highest levels in four years, as fear investors have a significant decline in Iran's oil exports, as the US announced sanctions on the Iranian oil sector.

However, during the past five weeks, oil prices are under pressure as it turns that Iran's exports would not fall as long as investors have been afraid, although the sanctions come into force in early November.

However, fuel prices in Serbia slowly slow down. The Association of Serbia Oil Companies announced that cheaper prices will be felt at the end of this week.

(Agencies)


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