Oil prices slowed down during the day

MOSCOW, 26 Sep — PRIME. World oil quotes on Monday afternoon slowed down the pace of decline, according to trading data.

Gas prices in Europe fell below $1,700 per thousand cubic meters

As of 13.41 Moscow time, the price of December futures for Brent crude oil is reduced by 0.49%, to $84.59 per barrel, November futures for WTI – by 0.36%, to $78.46.

In the morning, oil became cheaper by more than 1%, and the price of Brent fell below $84 per barrel for the first time since January 14.

World central banks continue to tighten monetary policy in order to curb inflation. However, according to analysts, this has a negative impact on the economy, which is reflected in the dynamics of oil prices.

“Markets are extremely worried that central banks will push the economy into recession,” Bjarne Schieldrop, senior commodities analyst at SEB, told Bloomberg.

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Shildrop also noted that economic risks create additional pressure on OPEC+. The meeting of the alliance will be held on October 5.


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