Oil prices continue to decline

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During trading on Tuesday, there was a decline in oil prices, as volatility persisted in global stock markets and fears of reducing global demand for fuel rose against the backdrop of the trade war between the United States and China. The American media report that if the meeting of the presidents of the United States and the People's Republic of China in Buenos Aires in November does not bring progress in trade relations between the two countries, the US authorities may impose duties on the entire volume of goods imported from China. Oil supplies from OPEC countries declined in October to their lowest level since April 2017 due to the fall in Iran’s exports. On Tuesday, by 5:58 pm Moscow time, Brent crude fell in price by 1 dollar 30 cents to 76 dollars 4 cents per barrel. The price of WTI crude oil fell 83 cents to 66 dollars 21 cents a barrel.

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