MOSCOW, 8 Sep — PRIME. World oil prices on Thursday morning are correctively growing after a two-day significant decline in quotations, according to trading data.
Named the only source of indignation left in the oil market
As of 8:21 Moscow time, the price of November futures for Brent crude oil is growing by 0.8%, to $88.7 per barrel, October futures for WTI – by 0.84%, to $82.63.
Over the previous two days, Brent oil fell by 8.5%, WTI – by almost 8%.
The decline in oil prices was due to a number of reasons. Thus, the negative impact on the cost of “black gold”, in particular, had the prospect of raising interest rates in a number of countries, which, in turn, could lead to a global economic downturn and reduced demand for raw materials.
In addition, oil prices have been negatively affected by the ongoing coronavirus restrictions in China, the largest oil importer, as demand for oil there also decreases due to restrictive measures.
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