Possibility of lockdown knocks down oil price

Investor concerns about possible new lockdowns in Europe and chinese cities have caused oil prices to start operating in a fall on Friday (15). In the last year, prices and demand for oil had major instabilities because of the containment measures caused by the Covid-19 pandemic.

Around 10:15 a.m. on Friday, contract prices for Brent (the global benchmark) fell 1.49 percent to $55.58 a barrel at ICE, in London. Meanwhile, contracts for February wti (the reference declined 1.08%, to $52.99 a barrel, on the U.S. Commodity Exchange. New York (Nymex).

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