MOSCOW, 16 Sep — PRIME. World oil prices are recovering on Friday morning after falling the trading day earlier, follows from the trading data.
Japanese expert calls oil price cap ‘meaningless and impossible’
As of 8:21 Moscow time, the price of November futures for Brent crude oil is growing by 0.42%, to $91.22 per barrel, October futures for WTI – by 0.32%, to $85.37.
There is a positive trend in the oil market, which is due to the corrective recovery of quotations after a strong fall in the previous trading session. So, on Thursday the cost of “black gold” of the Brent brand fell by 3.5%, and the WTI brand – by 4.3%.
Such a drop in quotes was mainly due to fears for the state of the world economy in connection with high inflation and the “hawkish” policy of central banks.
In addition, investors are negative about anti-COVID restrictions in China, which lead to a decrease in demand for fuel.
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