Oil prices decline after correction the day before

Oil is getting cheaper this morning - as of 7:35 a.m. Brent was down 0.35% to $70.39 and WTI was down 68.04% to $68.02. Yesterday Yesterday the market showed a recovery from Monday's slump and was trading at about $70.39. During the trading session they were up about 3%. On Monday the decline in prices reached 4%, by the end of the day oil fell by more than 2%. The negative trend is due to The players fear that the growth in the number of diseases will have a negative impact on demand. diseases will have a negative impact on demand. According to Activ Trades analyst Ricardo Evangelista, published by The WTIall Street Journal, the oil market will remain volatility due to the fact that it is becoming increasingly unclear how the global economic recovery will continue. The number The number of infections with the new strain in the Asian region continues to give market participants concern. Meanwhile, today the players are waiting for the release of the data on commercial oil inventories in the United States. In the meantime, today, players expect data on commercial oil reserves in the United States for the week ending on August 6. August 6. Analysts expect them to decline by 1 million barrels.