Oil prices fell 9% on Thursday
Oil quotes continued their negative dynamics yesterday, which has been going on for 5 days. During trading, the fall reached 9%. Brent, WTI mark this morning. According to experts, the transition from the growth observed during in recent months, an increase in the yield of US government bonds. Last yesterday at 30- summer treasuries reached its maximum value in a year and a half (2.5%), for 10-year-olds - more than a year (1.75%). Accelerating the pace inflation, as well as the Fed's refusal to increase purchases assets have created fertile ground for this - over the past seven months, the yield on government bonds increased almost threefold. Commenting on the situation, Chief Commodity Strategist at Saxo Bank Ole Hansen notes that after a failed attack on oil facilities in Saudi Arabia, oil prices rose to $ 70, however to stay at this level, demand sustainability is necessary. Her not now due to the continuation of the coronavirus pandemic and periodic resumption of quarantine measures in various countries.