Saturday , October 1 2022

Oil "sunk" more than 20 percent


Oil "sunk" more than 20 percent

Oil prices are on the way this week's loss, and the fifth time in succession, and last month sank more than 20 percent. It is expected that in the coming days the price of oil will be under pressure.

Since the beginning of the week, the price of barrels on the US market has dropped 2.4 percent to $ 61.65, while in the London market it has sunk by 2.8 percent to $ 70.8, Hina said.

Although they are relatively stable on Friday morning, analysts say a possible fall in prices at the time they fell into the "bear" area.

From August to the beginning of October, oil prices rose strongly, reaching the highest levels in almost four years, as investors were scared of a sharp drop in Iran's oil exports, as the United States announced sanctions on the Iranian oil sector.

However, in the past five weeks, oil prices are under pressure, as it turned out that Iranian exports will not fall as investors fear, although sanctions have entered into force in early November.

However, fuel prices in Serbia are slowly slowing down. The Association of Serbian Oil Companies announced that cheaper prices will be felt this weekend.


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