Oil prices slightly vary under influence of external factors

Global oil prices on September 20 morning showed no significant dynamics, markets are reacting to a number of factors, Report informs referring to the auction data.

The price of November futures for Brent crude rose slightly - by 0.07%, to $92.06 per barrel, while November futures for WTI fell by 0.09%, to $85.28.

The upcoming increase in the rate by the US Federal Reserve has a negative impact on quotes, markets are assessing the likelihood of an economic recession, which, in turn, may lead to a decrease in demand for oil.

On the other hand, an increase in oil demand is facilitated by the easing of coronavirus restrictions in its largest importer, China.