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The rise in world oil prices above $ 40 a barrel at the beginning of the month turned out to be short-term.
During the daytime trading session on the London Stock Exchange, Brent crude oil fell 3.69% to $ 39.42 a barrel.
World oil prices fell below $ 40 a barrel amid a lengthy vote count in the US presidential election. This was announced on Friday, November 6, by the Reuters news agency.
According to him, during the daytime trading session on the London Stock Exchange, Brent crude oil fell 3.69% to $ 39.42 a barrel.
The cost of US crude WTI on the New York Stock Exchange fell 4.31% to $ 37.12 a barrel.
“Since market participants demand clarity in the choices[presidenciales de Estados Unidos]fluctuations in demand are hitting the energy complex again, “said Stephen Brennock of brokerage PVM.
The price was also affected by the fading of investors’ hopes of the passage of a large economic stimulus package in the United States. This package was supposed to help overcome the consequences of the coronavirus pandemic.
As a reminder, on November 3 it was reported that global benchmark oil prices continued to rise on signs that OPEC + countries may postpone the lifting of some of the restrictions on oil production, scheduled for the beginning of the year. .
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