Brent oil fell below $85 for the first time since August – Kommersant
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The price of Brent and WTI oil continues to fall sharply due to fears that slowing global economic growth will lead to lower demand, writes Bloomberg. European Brent is trading below $85 per barrel for the first time since August, American WTI is below $84 – yesterday, October 4, it showed the most significant drop in a year.
Oil prices are falling sharply amid concerns about rising interest rates and the health of the global economy. In addition, the United States is recording its lowest seasonal gasoline use in 25 years.
Last quarter oil has grown noticeably in price. Brent rose in price over three months by 23.1%, to $92.2 per barrel, WTI – by 28.5%, to $90.79 per barrel.
About the reasons for the fall in oil prices at the beginning of the fourth quarter – in the Kommersant FM article “Oil fluctuates between prices”.
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