Crude oil gets cheaper after a short period of growth
Oil prices went down after rising earlier this morning. At 9:03, Brent fell by 0.23% to $43.32 and WTI by 0.19% to $40.96. Negative factors are aggravation of coronavirus in the world and uncertainty around economic support in the USA. Around 7:00 a.m. both varieties demonstrated slight growth, which was a reaction to the publication of API reserves data. The report shows that last week's oil reserves in the United States decreased more than predicted - by 5.4 million barrels. Experts expected this figure at the level of 2.3 million. Tonight the figures from the Ministry of Energy will be known - according to analysts, they are will amount to 2.8 million barrels. The quotations were also positively affected by the IEA's information that OPEC+ in September increased the level of agreement implementation to 103%. Commenting on the morning growth at the stock exchanges, VI Investment, a leading commodity analyst, noted that it would be volatile - the current situation with the coronavirus in the world and the lack of unambiguous data. Decisions to support the US economy will have a negative impact on the dynamics of oil. The words of the expert reports Reuters.