Oil prices moved to moderate growth

Oil prices moved to moderate growth

Oil prices moved to moderate growth

Benchmark crude prices began to rise moderately during Thursday's trading.

The cost of November futures for Brent oil on the London ICE Futures exchange by 13:59 Moscow time on Thursday is $ 41.89 per barrel, which is $ 0.12 (0.29%) higher than the price at the close of the previous session.

The price of futures for WTI crude oil for November in electronic trading on the New York Mercantile Exchange (NYMEX) by this time is $ 40 per barrel, which is $ 0.07 (0.18%) higher than the level of the previous session.

Earlier in the course of trading, both contracts fell in price amid fears due to the introduction in some countries, including the UK and France, of new measures to contain the spread of coronavirus.

The market continues to worry about the outlook for demand amid a new surge in COVID-19 cases. In addition, the strengthening of the dollar had an impact on oil prices, Trading Economics notes.

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