Oil prices are declining on Monday morning. At 9:32 am Brent fell 2.14% to $ 41.17, WTI - 2.28% to $ 38.94. Current Coronavirus Situation Increases Worry investors worried about reduced demand. The pessimism of the players is due to the increase in the number of new infections coronavirus in some countries, which has reached record marks. According to the World Health Organization, made last weekend, the daily number of new cases of the disease in the world rose to a new high. In view of of this, market participants fear tightening of quarantine measures and the associated slowdown in the global economy, as well as a decrease in demand for oil. The pressure on the quotes was also exerted by the news about Libya's plans to increase oil production. The country's national oil company in the past week announced that in the coming weeks the volume of mined raw materials will be more than 1 million bpd.
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