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The prospect of a future recession, oil prices fell nearly one percent

26 March 2019

The prospect of a future recession, oil prices fell nearly one percent

Current as of today, the price of oil fell almost 1 %, as there were significant concerns that due to the reduction of supply by OPEC recession is able to neutralize their effect is reflected in the stability of supply. This occurs despite the fact that not so long ago imposed sanctions of the United States against Venezuela and Iran.


In connection with these events, the commodity petroleum products fell more than 3 % compared to the price of the previous month, according to statistical marks is the highest level since the end of 2018. Thus, the situation of the probable background of a recession in the United States regained strength in connection with a decline in stock indices and bonds below three-month rate that occurred in the American Federal system for 12 years.


OPEC and the countries not included in it agreed to maintain a daily norm of the delivered products in the amount of 1.2 million barrels of oil. According to analytical data, this decision should provide significant support for the market and its participants. In the end, WTI, the US fell in value by 0.54 % to $ 58,72, and the international Brent 0.46% to $66,44 per barrel.