Home / Oil / Kuwait oil makes the sacrifice

Kuwait oil makes the sacrifice

Кувейт совершает нефтяное жертвоприношение

In Asian stock markets on Tuesday witnessed a sharp growth. Analysts said that the reason for this was the strike of workers of the oil sector in Kuwait. Stop oil production caused a rise in world crude oil prices.

Shares on the MSCI stock index in the Asia-Pacific region outside Japan rose 0.5%.

The Nikkei in Japan rose 3.4% in early trading, the day after has fallen by the same amount because of the earthquake in southwest Japan.

The Brazilian index Bovespa of the company decreased by 0.6% during the night after President Dilma Rousseff has said it will challenge the decision of Congress on his impeachment.

Oil futures fell sharply after the failure of talks in Doha. However, after the strikes of workers in Kuwait, the oil production dropped by more than half, causing a rise in oil prices.

The price of Brent crude oil rose 0.1% to 42,97 per barrel, while U.S. crude prices added 0.5% to the footprint of 39.96.

Strike in Kuwait caused the effect, which was achieved by the representatives of oil-producing countries in Doha. However, the economy of Kuwait is in critical condition and analysts predict that the crisis may be delayed.

Check Also

Coalition forces the US to attack oil tankers in Syria

Forces under the leadership of the United States blew up three oil tankers in Syria, …