A significant drop in oil prices .. “Brent” falls by more than 3.5%

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A big drop in oil prices...

Reuters

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Oil prices fell, today, Friday, significantly, with the increase in cases of the emerging Corona virus in Europe, amid fears that demand for crude would be affected.

By 15:30 Moscow time, US crude futures “West Texas Intermediate” fell by 3.35% to $ 76.36 a barrel.

Meanwhile, Brent crude futures fell 3.51% to $78.39 a barrel, bringing the global mix to a level below $79 a barrel for the first time since early October.

Reuters indicated that a new increase in Covid-19 cases in Europe threatened to slow the pace of economic recovery.

Source: Reuters + Bloomberg





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