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Oil gets cheaper after strong growth, and Brent is at $41.99 a barrel

10.11.2020,11:27

November 10, Fineko/abc.az. The benchmark oil prices are declining in Tuesday’s trading amid continuing concerns about the weakening demand in connection with the quarantine restrictions in Europe and the U.S.

By 9:37 am, at the London ICE Futures Exchange the Brent crude futures for January fell in price by $0.41 (0.97%) to $41.99 per barrel. At the end of trading on 9 November the January Brent futures increased in price by $2.95 (7.48%) up to $42.40 per barrel.

By 9:37 am, at the New York Mercantile Exchange (NYMEX) the WTI crude futures for December fell $0.50 (1.24%) to $39.79 per barrel. At the end of trading on 9 November the December WTI futures grew by $3.15 (8.48%) up to $40.29.