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On Thursday, October 29, oil prices during trading reached their lowest levels since the beginning of the summer.
This information comes from Investing.com data. The likely reason was the introduction of new restrictive measures in relation to the coronavirus pandemic.
The cost of December futures for Brent oil was $ 38.3 per barrel, 3.63% below the price at the close of the previous session. At the same time, during trading, the price dropped to $ 37.
The price of WTI crude oil futures for December fell to $ 36.5 per barrel (-3.64%).
Previously, the price of Brent crude for the first time since June 15 fell below $ 38 a barrel. Prices are falling amid new restrictions due to COVID-19.
In particular, due to an increase in the number of infection cases, the closure was announced in Germany and France, and this affects demand. The drop in oil prices is the second day in a row.
As OBOZREVATEL previously reported, benchmark oil prices fell in October due to an increase in the number of new coronavirus infections worldwide. Brent fell to $ 42.23 per barrel and WTI to $ 39.98 per barrel.
In Russia, it was recognized that a rise in world oil prices to $ 60 a barrel is unlikely in the coming years.
