July futures on WTI fell by 4.39% to $34,67 per barrel, while futures for oil of mark Brent with delivery in August fell by 3.15% to $of 37.51 per barrel.
Analysts say that the reason oil prices are concerns of the business world regarding the slow growth of demand for raw materials.
Moreover, the trade data indicate that these fears are intensified in the background, and the growth in the number of infected by the coronavirus in the United States. If they indicate the second wave of the virus this, in turn, will have a significant impact on the pace of recovery in fuel demand.
on Saturday, the US has registered more than 25 thousand new cases, while more States report records on the number of infected. According to the Johns Hopkins University, the country has registered more than 2 million cases of infection with coronavirus and more than 115 thousand deaths.
