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Oil prices have fallen

Tuesday, 11/02/2021 5:08 PM from

dpa-AFX

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Offshore platform (symbolic image). © curraheeshutter / iStock / Getty Images Plus / Getty Images

NEW YORK / LONDON (dpa-AFX) – Oil prices fell on Tuesday. Most recently, a barrel (159 liters) of North Sea Brent cost $ 84.35 for delivery in January. That was 37 cents less than the day before. The price of a barrel of the American West Texas Intermediate (WTI) for December delivery fell by 68 cents to $ 83.37 (dollar exchange rate).


As before, oil prices are close to multi-year highs. On the one hand, they are driven by high demand, which has noticeably recovered from the severe Corona slump. In this environment, the supply remains scarce, although the crude oil network Opec + has been gradually expanding production since the summer. Most recently, important oil-consuming countries such as the USA, India and Japan called for an expansion of production.

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