Oil prices rises by about 3% during trading on Monday after a significant drop in the last week. The decline in quotations continued seven sessions in a row, which is the longest similar period since February 2018, notes Interfax.
The cost of October futures on the Brent on the London Stock Exchange Ice Futures made up a day of $ 67.20 per barrel, this is $ 2.02 (3.10%) above the figure for closing the previous session.
Futures for WTI for October at the electronic bidding of the New York Commodity Exchange (NYMEX) reached $ 63.98 per barrel, which is $ 1.84 (2.96%) above the final value of the previous session.
The market support on Monday is reported that the Chinese authorities were able to hold back a new wave of Dissemination of COVID-19: August 23 in the country did not reveal a single new case of contamination with coronavirus infection. The focus of the market is also this week – the annual economic symposium in Jackson-Hool, where the chairman of the Federal Reserve System (Fed) will be played by Jerome Powell. Investors will wait for hints from him when the US Central Bank intends to start turning the price of the repurchase of assets.