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Major US markets began trading on the day of falling pressure from falling oil prices in international markets, with crude falling to close to 1 percent in New York and also in London.
In addition to the uncertainty surrounding the White House's tax reform continue to pressure Wall Street, this time also the devaluation of oil in international markets that is further penalizing the main squares of the United States. In New York, the West Texas Intermediate (WTI) falls 0.90% to 55.20 dollars per barrel and North Sea Brent, traded in London, falls 0.93% to 61.63 dollars.
The price of crude is thus falling for the fourth day after the latest report by the International Energy Agency has revised downward forecasts of global demand for the raw material in 2017 and 2018 due to rising barrel prices and the milder temperatures that are felt at the beginning of this winter period.
Also contributing to the fall in the price of crude oil is the uncertainty surrounding the next meeting of the oil exporting countries (OPEC), which meet within 15 days in Vienna, the capital of Austria.
Despite the proximity of the meeting, there are no signs yet of the intention of the cartel to prolong the cut to the oil production currently in force and whose objective is to promote the increase of the prices of the raw material.
In addition to the uncertainty surrounding the White House's tax reform continue to pressure Wall Street, this time also the devaluation of oil in international markets that is further penalizing the main squares of the United States. In New York, the West Texas Intermediate (WTI) falls 0.90% to 55.20 dollars per barrel and North Sea Brent, traded in London, falls 0.93% to 61.63 dollars.
The price of crude is thus falling for the fourth day after the latest report by the International Energy Agency has revised downward forecasts of global demand for the raw material in 2017 and 2018 due to rising barrel prices and the milder temperatures that are felt at the beginning of this winter period.
Also contributing to the fall in the price of crude oil is the uncertainty surrounding the next meeting of the oil exporting countries (OPEC), which meet within 15 days in Vienna, the capital of Austria.
Despite the proximity of the meeting, there are no signs yet of the intention of the cartel to prolong the cut to the oil production currently in force and whose objective is to promote the increase of the prices of the raw material.
