Oil prices peaked two years

Oil prices fell slightly after a record growth yesterday. September 26 at 9:15 in Kiev the price of a barrel of Brent crude for December was $of 58.37 (-0.10 percent). Barrel November oil WTI traded at $52,14 (-0,15%), according to enkorr.

In the course of the previous trading contracts for Brent crude rose by 3.8% to the highest since July 10, 2015 level of $59,49/bbl. The peak price of WTI crude oil was $52,43/barrel. – a maximum of five months.

Oil prices rose sharply amid threats of Turkish President Tayyip Erdogan to block the transit of Kurdish oil through Turkish pipelines. In case of realization of threats of the President of Turkey the supply of raw materials to the global market will be reduced on 500-600 thousand Barr./day. (b/s), which will lead to a new surge in prices.

Thus Turkey increases pressure on the Kurdistan Regional government (KRG), which was held on 25 September a referendum on secession of the province from Iraq.

Powerful support was provided by the statements of the representatives of OPEC to significantly reduce the global oversupply of oil reserves on the background of the 100-percent execution of the cartel members of the Covenant on the reduction of oil production.Earlier it was reported about, how will it affect Ukraine fluctuations in oil prices.