The price of Oil continues to decline
On Thursday morning, the oil market prices continue to decline. Brent crude oil fell to 65.2 US Dollars per barrel, or 0.46%. The price of WTI crude oil fell to $61.6 per barrel, or 0.47%. The drop in prices on the oil market has been observed over the past three days. During this period, oil fell by more than 3%. Investors remain concerned about the deterioration of the epidemiological situation in some countries of the world. First of all, the concern is the growing number of infections in India, as well as in Japan. This may lead to the introduction of additional restrictions, which will negatively affect the economies of these countries. Japan and India are among the largest oil consumers. Pressure on oil prices was also exerted by data on oil reserves in the United States, which were published the day before. Experts believed that the agency would announce a reduction of 2 million 900 thousand barrels. At the same time, the ministry reported an increase in reserves by 600 thousand barrels.