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While gasoline prices are rising in Argentina, oil reaches a minimum level in seven months



November 7, 2018 | | comments | 14 times read


While oil rises to Argentina, the oil barrel hit the US in the US for at least seven months, and in London it recorded the lowest value since last August in response to the temporary relief that the US government granted eight importing crude oil countries.

The WTI crude in New York fell 1.4 percent to $ 62.21, the lowest since April 6, and recorded its seventh consecutive decline.

At the same time, Brent barrel fell 1.4% in London to $ 72.14, the lowest price in nearly three months.

Reducing oil on international markets is after fuel prices in Argentina rose 8.5 percent earlier this month.

We recall that since the beginning of the year, the price of gasoline in the country has been deregulated and governed by a combination of dollar and barley oil, among other costs.

The movements of the day in international markets have taken place after the restoration of the sanctions that Washington raised in Tehran, with the signing of the 2015 nuclear agreement, affecting 700 people, companies and entities, especially in the energy and financial sectors.

Exceptions to China, India, Italy, Greece, Japan, South Korea, Taiwan and Turkey, which may continue to temporarily import Iranian crude oil, have easily relieved fears of a possible reduction in supply.

Gross North Sea, a benchmark in Europe, ended the day at the Futures Exchange International, down 1.02 USD from the last trade when it closed at 73.16 USD.


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