Oil is cheaper this morning by 1 - 2%, continuing yesterday a fall. As of 9:12 am Brent has lost 2% and was trading at $ 49.90, WTI was down 2.06% to $ 46.98. Monday fall prices reached 5%. Negative dynamics is the reaction of players to news about a new the type of coronavirus found in the UK and several others European countries. Last weekend it became known that he propagates at a speed exceeding the previous form - about this was officially announced by the UK Advisory Board on new viral diseases. Negative impact on prices has also toughened quarantine measures in the region, limiting movement, Reuters quoted the company's analyst as saying UBS Giovanni Staunovo. Players fear a decline in oil demand due to new restrictions and prefer to avoid risks.
