Coronaios: Crude prices are down 4%



Oil prices fell 4% today amid worries that expanding lockdowns in Europe would reduce fuel demand and caution over the outcome of this week’s US presidential election. $ 1.49, or 3.9%, fell to $ 36.45 a barrel, while US crude fell $ 1.58, or 4.4%, to $ 34.21 a barrel. Brent fell this morning. up 5.8%, with US crude falling as low as 6% to its lowest level since May. with oil trading expect a further blow to demand, although estimates differ. Vitol estimates winter demand at 96 million barrels per day, while Trafigura expects demand to fall to 92 million barrels per day or lower. Oil prices, according to RES, have fallen after Japan’s export orders rose for the first time in two years and factory activity in China rose to a near-high in October. OPEC and the US pushed oil prices down for a second straight month in October, with US crude falling 11% and Brent 8.5%. Follow it on Google News and be the first to see all the latest News from Greece and the World, at



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