The price of oil continues to decline in light of concerns about demand

The price of oil continues to decline in light of concerns about demand

Oil prices continued to decline in trading today, Thursday, in light of fears of the decline in demand for crude, with the high number of Corona virus injuries in China.
By 09:37 Moscow time, American crude futures “West Texas Intermediate” decreased by 1. 14% to $ 84. 61 a barrel, while Brent crude futures fell 0. 83% to $ 92. 09 a barrel, according to Bloomberg website data.
Oil prices had ended yesterday’s dealings at $ 92. 86 a barrel of Brent crude and at $ 85. 59 a barrel of American crude.

Source: RT + Bloomberg.

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Economics