A barrel of oil for August drops below US$120

52
A barrel of oil for August drops below US$120
A barrel of oil for August drops below US$120

Africa-Press – Angola. The price of a barrel of Brent oil, which serves as a reference for Angolan exports, for delivery in August ended this Monday on the London futures market down 0.81%, to US$119.40.

Brent’s price closed below the symbolic threshold of 120 dollars, despite the gradual lifting of restrictions in China, in place to respond to an outbreak of infections with the new coronavirus.

Investors were rightly aware of Saudi Arabia’s decision to increase its prices for Asian customers, which points to a recovery in demand.

For More News And Analysis About Angola Follow Africa-Press

LEAVE A REPLY

Please enter your comment!
Please enter your name here