Oil becomes cheaper on Friday after sharp rise

Oil becomes cheaper on Friday after a sharp rise the previous day

The hysteria around the oil
quotations gradually eroding –
today oil prices began
reduction and Friday morning lost
the price of about $ 0.82. Yesterday, oil has risen on fears that
military operation will result in Yemen
with disruption of the adjacent oil supply
countries. In the afternoon on Thursday, the price of oil brands
Brent and WTI reached
to 2-week highs.

As a result, yesterday to close
trading oil futures
WTI crude for May delivery jumped
4.51% – up to $ 51.43 per barrel, and futures
Brent rose by 4.8% – to $ 59.19 per barrel.

Today, oil prices
fall. By 10:33 MSK WTI futures fell
in price by 1.78% – to $ 50.52 per barrel.
Barrel of Brent fell by 1.59% – up to $ 58.14.

"Now the market is set
how long the impact will continue
this geopolitical events on the price
oil", – says Director of Investment
Ayers Alliance in Sydney Dzhonatan Berret. prices
may rise if the fighting will escalate in
regional conflict involving
Islamists, but the Bab-el-Mandeb,
the employee entrance to the Red Sea, it is unlikely
It will be closed to ships, according to Barrett.

Analysts at Goldman Sachs
also believe that the situation in Yemen is not
will have a strong impact on the supply of
oil, because the volume of exports from
little country, and from tankers
other countries can swim round. Where
greater concern is possible
agreement with Iran on its nuclear
program, followed by a can
follow the easing of sanctions against
Iran’s oil exports and growth, they say
ANZ Bank analysts. "Iran allegedly
storing in tankers of 30 million barrels,
able to quickly flood the already
crowded market of oil"- said
in the bank’s report.

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