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Oil prices slightly vary under influence of external factors
Energy
- 20 September, 2022
- 06:16
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.
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