Oil is getting cheaper this morning, with Brent down 0.02% at 8:32 a.m. to $66.56 and WTI was down 0.10% to $63.09. The drop comes as part of a correction after yesterday's rally - it showed a gain of 4.9%. According to the head of the analytical company Vanda Insights, Vandana Hari, the decline may well take place now, because yesterday the quotes were too high. Yesterday's rally was stimulated by the release of statistics on stocks, which declined more than analysts expected. On top of that, both OPEC and IEA forecast higher demand for oil. At the same time Hari believes that investors have reacted selectively to the news, which is what drove the surge. In fact, despite the reduction in inventories and positive expectations for demand, the situation with the The coronavirus continues to be a problem around the world as countries continue to take restrictive measures. countries continue to take restrictive measures and a new wave of the pandemic is underway in India. a new wave of the pandemic.