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Oil prices slightly vary under influence of external factors
Energy
- 20 September, 2022
- 06:16
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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.
Author
Neft qiymətləri fərqli dinamika nümayiş etdirir
Цены на нефть незначительно изменились под влиянием внешних факторов
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