The world oil prices on Monday morning fall within 2%: preservation of concerns around demand due to the complex situation with the coronavirus pandemic restrains the quotes.
On Monday morning, the price of October futures on Brent oil decreased by 1.8% – to 69.43 dollars per barrel. September futures on WTI are 1.92% – up to $ 66.97 per barrel, RIA Novosti reports.
“Oil is cheaper in the early Asian auction due to concerns about the fact that the growth of infection in China may restrain the prospects for demand,” the Wall Street Journal leads the view of Ambank Research analysts.
The spread of coronavirus in China, in particular, the strain “Delta”, led to the restrictions on movement in some cities and tightening quarantine measures. China is one of the largest consumers and oil importers in the world.
The first week of Augustus became worse from October 2020, prices fell by more than 7%.