The price of oil in the world has reached its lowest level in more than two months.
The downward trend in global oil prices continued on Tuesday morning, November 10, in the financial markets of Asia, and the price of Brent crude oil in the North Sea traded around 91.5 dollars per barrel with a further decline of 1 percent.
The price of West Texas Intermediate oil reached $85 per barrel. These figures are the lowest oil prices in more than two months.
According to the Reuters news agency, US President Donald Trump's comments regarding the improbability of a new round of attacks against Iran caused optimism in the financial markets to reduce tensions in the Middle East and lowered the price of oil, which had risen significantly in recent weeks.
The drop in oil prices also increased the value of shares in the markets of different parts of the world. On Tuesday, the KOSPI stock index in South Korea rose more than 5% and the Nikkei index in Japan rose about 3%. On Monday in America, stock indexes in the New York financial market recorded their best days in four months.
At the same time, new statistics of the inflation index for consumers in America are going to be published on Tuesday, which can greatly influence the decision of the Central Bank of America to set the interest rate in the coming months.
🔸 Bank interest in the industrialized countries of the world, including in Europe, has increased significantly following the continuation of the war with Iran in recent months.