Drop in oil prices
Oil prices on international markets fell below 94 dollars today, mainly due to investors' fears of demand amid tightened epidemiological measures in China, high inflation and rising interest rates.
On the London market, the price of a barrel after noon was lower by 1,95 dollars compared to yesterday's closing and amounted to 93,69 dollars. It fell by almost the same amount on the American market, where the barrel traded for $87,57.
Traders are anxiously monitoring the spread of the coronavirus in China.
Strict epidemiological measures in the world's second-largest economy and cost pressures dampened activity in Asian industry in August, overshadowing the region's chances of recovery from the fallout from the pandemic, according to a survey released on Thursday.
The technology hub of Shenzhen in southern China has tightened measures due to the continued spread of the infection, banning large gatherings and indoor entertainment in the Bao'an district for three days.