Oil production. Ilya Pitalev
MOSCOW, 8 Oct — World oil prices decline by about 1% after media reports that U.S. authorities are considering the possibility of exceptions in terms of imports of raw materials from Iran for some buyers in the upcoming oil sanctions, according to the auction.
As at 8.29 GMT the cost of December futures for North sea petroleum mix of mark Brent has decreased on 0,99%, up to 83.33 dollars per barrel, the price of November futures for WTI — by 0.71%, and 73.81 to $ per barrel.
The focus of market participants on Monday was the message is that the US is the exception, not considering the possibility of easing the conditions of oil imports from Iran for some buyers of raw materials in the future in November oil sanctions against the country. According to sources, exemptions can be made for countries that have already demonstrated their desire to reduce oil imports from Iran. In September, U.S. officials have said that some countries might be given more time to collapse of trade relations with Iran.