Baku 26° C
Estimates of oil demand decline affect prices
Energy
- 13 November, 2020
- 10:20
January futures for Brent crude traded down 1.42% to $ 42.91 on the London-based ICE Futures Europe exchange. Yesterday, those contracts rose by 0.6%, Report says.
On the New York Mercantile Exchange (NYMEX), December futures for WTI fell 1.42% to $ 40.37 this morning after falling 0.8% yesterday.
Today, lower oil prices are mainly related to concerns about the declining demand for oil due to a new coronavirus wave.
However, Trading Economics assumes that this week could end with both contracts rising by up to 10%.
Author
Latest News
23:55
US Congress urged to support Western Azerbaijanis' right of return
Foreign policy23:34
Romanian lower house approves Moldova unification bill without vote
Other countries23:31
Kajsa Ollongren to become new EEAS secretary general
Other countries23:19
Photo
Abbas Abbasov: Issue of Western Azerbaijanis is not being adequately presented to international community
Foreign policy22:58
Photo
Azerbaijani, Senegalese MPs discuss interparliamentary ties
Foreign policy22:48
Iranian, Saudi foreign ministers discuss talks with US
Region22:34
Photo
Deputy minister: Azerbaijan prioritizes technological transformation in economic agenda
Economy22:13
Expert: Most disaster losses uninsured in developing countries
Finance22:07
Photo