The cost of black gold has been falling for six days in a row. Such sharp decline wasn't observed since March this year, and was caused by the OPEC's announcement of increasing oil production volumes. Oil is still located near its seven-year lows, but with such negative news its value can easily reach lower levels.
The cost of Brent crude oil fell by 1.66% and equals $39 per barrel, while the price of the WTI dropped by 1.32% and costs $36 per barrel. Traders have an excellent opportunity to earn money on a further decline. Remember, that trading will be available from 3:00 to 20:00 GMT time.
The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.