Baku 16° C
Estimates of oil demand decline affect prices
Energy
- 13 November, 2020
- 10:20
January futures for Brent crude traded down 1.42% to $ 42.91 on the London-based ICE Futures Europe exchange. Yesterday, those contracts rose by 0.6%, Report says.
On the New York Mercantile Exchange (NYMEX), December futures for WTI fell 1.42% to $ 40.37 this morning after falling 0.8% yesterday.
Today, lower oil prices are mainly related to concerns about the declining demand for oil due to a new coronavirus wave.
However, Trading Economics assumes that this week could end with both contracts rising by up to 10%.
Author
Latest News
17:04
Photo
President Ilham Aliyev attended inauguration of Islam Safarli Street following reconstruction
Domestic policy17:01
Hajiyev calls for Karabakh University to expand cooperation with foreign universities
Foreign policy16:50
Pinevich: Practical implementation of agro-town project in Aghdam to begin in 2027
Foreign policy16:47
Hajiyev: Azerbaijan ready to share its restoration experience at WUF13
Foreign policy16:41
Oil and condensate exports via Sangachal terminal down 10% in 1Q26
Energy16:37
Belarus interested in implementing industrial projects in Azerbaijan
Foreign policy16:31
Bayramov and Araghchi discuss situation in Middle East
Foreign policy16:25
Photo
Diplomatic corps reps visit exhibition center at Karabakh University
Karabakh16:24