The price of a barrel of Brent oil (the reference in Europe) was trading below 80 dollars (about 74.72 euros) this Wednesday, for the first time since July, due to fears of an economic slowdown that would affect demand. global.
At 4:00 p.m. (Lisbon time), Brent lost 1.99%, to $79.99 per barrel, and North American WTI oil fell 2.20%, to $75.67, both at their highest level. low since July.
At the end of June, Brent oil was trading slightly above $74 per barrel.
However, an increase was recorded during the summer, after the countries of the Organization of the Petroleum Exporting Countries (OPEC) announced production cuts, while demand continued to increase, mainly due to the Chinese economy.
Brent hit its highest level this year on September 27, when it hit $96.55.
On Tuesday it registered a drop of 4.19%, with a barrel trading at $81.67.
Source: TSF
