So, at 13:40 Moscow time, the price of oil dropped to 71.4 dollars. The daily maximum so far falls at 11:09 a.m., when the price of Brent was $72.180.
Photo: ru.freepik.com
The American financial conglomerate Morgan Stanley said today that the global oil market is waiting for a period of weak demand, similar to those observed during the recession. This is evidenced by a number of factors: an increase in fuel reserves, a decrease in the grade of refining and the difference between the current price and the cost in the future.
Recall that at the end of last week it was reported that Myanmar may begin supplying food to Russia in exchange for hydrocarbons and fertilizers. The representative of the state, who took part in the WEF, stressed that the country has already tested the barter system in trade relations with China.