The Brent of the North Sea for delivery in January thus closed with a fall of 2.08% to 83.63 dollars in London.
While the West Texas Intermediate (WTI) for the same delivery it gave up 2.12% to $76.28.
For Phil Flynn, of Price Futures Group, black gold suffered from a review of weather forecasts in the United States, which predict less cold than expected in the northern hemisphere.
Operators are closely following the evolution of the situation in China, where the National Health Commission (NHC) revealed more than 32,000 new cases of coronavirus in one day on Thursday, a record since the pandemic began.
The confinements “they will weigh heavily on economic activity and, therefore, on demand” of oil, Oanda’s Craig Erlam warned in a note.
In addition to what happens with the project promoted by the United States to cap the price of Russian oil, traders await the meeting of OPEC and its allies within OPEC+ on December 4.
For Commerzbank, although the cartel, in fact, will have reduced its production by one million barrels per day in November and not by two million as announced in October, the publication of updated data in this regard could support prices.
The entrance Oil falls in a market marked by uncertainty was first published on newspaper TODAY.
