Fluctuations in the price of oil continue: it decreased again this week

In the first two days of the week there have been falls for the Texan oil, which serves as a reference for the Ecuadorian crude.

The barrel fell by 0.93% yesterday to close at $ 46.66 in the US, amid reports that next year the slowdown in global growth of oil demand will continue.

The sensitive international economic situation contributes to this, with projections downwards.

Between Monday and yesterday the decline totaled $ 2.97 and this further affects the ailing finances of countries like Ecuador and Venezuela, that rely their budgets on this raw material.

Oil future contracts of WTI (West Texas Intermediate oil) for November delivery fell 44 cents yesterday, whose reduction was known the same day that the International Energy Agency (IEA) indicated that the growth of oil demand in the world will slow more than expected in 2016.

The organization justified the provision before the slowdown in economic recovery and the end of stimulus that represent current prices, which have been falling since last year.

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8536046&idcat=38229&tipo=2