Oil prices fall to 50 dollars

                                  Oil prices fall to 50 dollars

The price of crude oil is one more point. Oil prices fell 7 percent in the United States yesterday After the October of this year, the price of oil for the first time dropped to $ 50.44 per barrel.

But in October, oil prices rose to $ 76 per barrel. But the fear of supply, the demand dropped - due to these reasons oil prices so low in a month. A month ago the observers were counting, when the price of oil would rise to $ 100 per barrel. At this time, the price of oil has come to the fore, and there is a wrinkle in their forehead.

Michael Heig, Head of the Department of Materials Research, Société Générale, said that the rate at which prices have been falling for six weeks, it is likely to cause investors to feel enthusiastic.

The people of oil sector are hoping that in the meeting of OPEC and Associate countries in Vienna next month, Saudi Arabia will reduce the supply of oils substantially to others, and the market will be somewhat affordable. But despite the decline in prices, US President Donald Trump is pressing to reduce Saudi Arabia's production, including OPEC. And just as he praised Saudi Arabia recently, investors fear that, perhaps Saudi Arabia probably will not reduce production.

The global price of oil price is the price of crude brent oil. The price of this oil fell 5.5 percent on Friday. By Friday, Brent's price dropped to a minimum of $ 59 by Friday. On Friday, the value of the Dow Index dropped 178 points due to the fall in oil prices. Chevron and ConocoPhillips share prices fell 3 percent. And the price of the Shell producing Yogi resources is 5 percent.