The cost of a barrel of Brent oil fluctuates at the level of two weeks ago on the ICE exchange in London on November 10 at 18:00 Moscow time.
The North Sea oil futures price for delivery in January 2022 was $92.5 per barrel during trading, 0.1% lower than the previous day’s value. During the European session, the price of Brent oil futures fell to 91.7 dollars per barrel, which corresponds to the level of October 25.
The price of WTI crude oil futures for delivery in December on the New York Mercantile Exchange settled at $85.4 per barrel, 0.5% less than the previous day. In the course of trading, the cost of West Texas oil futures fell to $84.7 a barrel.
The stabilization of oil prices occurs in a context of uncertainty about the growth prospects for the demand for raw materials. Additionally, stock speculators are reacting to reports of expanding quarantine restrictions in China.
Source: Rossa Primavera
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