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2020 November 2   10:42

Oil prices decrease amid new quarantine measures

Oil prices fell by 3.3-3.7%

As of November 2 (08:41 Moscow time), Brent Crude futures for January delivery fell by 3.37% to $36.66 per barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures for December delivery on the New York Mercantile Exchange fell by 3.74% to $34.45 per barrel.

OPEC+ approved on April 12, 2020, new oil output cut by 9.7 million bpd in May-June, 7.7 million bpd in the second half and 5.8 million bpd by May 2022.

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