Trump's coronavirus infects oil market




World oil prices and financial indices declined on October 2 and continue to fall after the statement by US President Donald Trump about a positive coronavirus test.





According to Reuters, in the first 40 minutes after the appearance of the message, the futures quotes on the NASDAQ index fell by more than 2%, to 11.3 thousand points, the futures on the S&P 500 index lost 1.8%, dropping to 3.3 thousand points.

It should be noted that the dollar also began to lose ground in the foreign exchange market, although not so significantly.

As for oil, then, as of 8.16, the price of December futures for North Sea Brent crude oil mixture decreased by 1.98%, to $40.12 per barrel. The cost of November futures for WTI fell by 2.01%, to $ 37.94 per barrel.

The markets paid attention to the news on oil production. In particular, investors appreciated the media reports that oil production in Libya has grown to 270,000 barrels per day.





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TAGS: OIL PRICES, CORONAVIRUS

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