Towards 11:10 GMT, the contract December on the American light crude lost 1,64 dollar, that is to say 2,56%, with 62,51 dollars the barrel and Brent yielded 1,57 dollar (- 2,53%) to 60,48 dollars. ( Finance Information City )
The light crude had fallen before to 61,30 dollars, its low level since May 2007.
For many speakers, the reduction of 1,5 million barrels of the production of OPEC decided in urgency by the trust Friday in Vienna will not be enough to stop the fall of the courses.
“I think that OPEC actually made a rather outstanding decision but the oil market concentrates obviously in this moment only on the economic problems”, explained David Moore, strategist raw materials of the Commonwealth Bank off Australia.
The gesture of OPEC intended to reduce the offer to try to support the prices has in fact answered the multiplication of signs of reduction in the request, inter alia in the United States, first consumer world of oil products.
In Japan, the Japanese refiner Oil announced that it would reduce its production by 15% in November compared to last year. In China, the rise of the oil request has been only a little more than 2% in September, its rate/rhythm low for 10 months.
The barrel posts from now on a dive of more than 57% compared to its records of there are three months and half with more than 147 dollars.
The market waits from now on to be able to measure the reality of the fall of production OPEC.
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