At the end of last week, Brent oil fell by 0.8%, WTI oil went up by less than 0.1%


The price of Brent crude fell by 0.8% last week, while price of WTI crude oil rose by less than 0.1%. During trading on Friday evening, there was an increase in the fall in oil prices amid falling stock markets and rising bond prices caused by concerns about a slowdown in the global economy. By 18:07 Moscow time, Brent crude was trading at the level of 66 dollars 60 cents a barrel. Its value fell by 1.86%. WTI crude oil fell 2.28% to 58 dollars 60 cents a barrel. On Friday, the yield on long-term government bonds was lower than the yield on short bonds for the first time since 2007. The oil market was also concerned about the weakening of business activity in the euro area, where the most significant drop in the PMI index in the processing industry is observed.

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