The price of "black gold" in the global market is decreasing after recent rapid increase

January 02, 2018 | 23:08 |719

There is a correction in the oil market - the prices for "black gold" began to decline after a prolonged increase the day before. In the morning on Tuesday, January 2, the price of Brent crude oil rose to the high of the spring of 2015, reaching 67.29 dollars per barrel. Now, March futures for Brent crude are traded at $ 66.72 per barrel, while WTI brands are trading at $ 60.34 per barrel. According to experts of the oil market, this is higher than optimistic forecasts. They believe that the global market of oil and gas resources began the year of 2018 under favorable conditions, since oil marks from the first days of the new year began to trade with prices above $ 60. This happened last time in 2014.