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World oil prices fell sharply, more than five percent, during the trading session on Friday. Of the two most important crudes for trade, the North Sea price of Brent per barrel was at a daily low of 5.21 percent at $ 38.8; and West Texas Intermediate (WTI), which dominates the Western Hemisphere, posted a 5.40 percent loss at $ 36.6 in upcoming futures quotes, MTI wrote. Central European time on Friday afternoon at a quarter to six, Brent, delivered in December, was down 3.42 percent to $ 39.53 a barrel, and WTI in November was down 3.28 percent, $ 37.45.
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The coronavirus, Saudi Arabia’s price war, speculative traders, the Siberian winter, and American innovation have ruined the oil market. But unfortunately we still won’t be able to refuel for free.
According to experts investors are concerned about demand. Markets fear massive restrictions will be reintroduced in more and more countries. The fact that it turned out: The president of the United States and his wife were also infected with the coronavirus.
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