Crude prices are recording declines of more than 1% this morning, Monday, the seventh of November, with the opening of the European session, affected by the rising market concerns about the high cases of Covid-19 infection in the second largest consumer of crude in the world and the largest importer of crude, as Brent crude is down by 1.37%, trading at levels of $ 97.22 per barrel, while US crude (NYMEX) is trading at $91.08 per barrel, down by 1.65%.
\The health authorities in China raised the fears of the markets after it announced that it recorded the largest daily rate of infections with the Corona virus in six months yesterday, Sunday, with about 4,610,000 new infections, after the Chinese authorities confirmed last week that they would adhere to a strict approach to containing the virus.
On the other hand, data issued this morning from China revealed that China’s imports of crude rose by about 4% in October to reach 43.14 million tons, equivalent to 10.2 million barrels per day, the highest level since last May.
01/02/2025
ابحاث السوق
شارك المقال على منصات التواصل الإجتماعي
