Oil drops by 2 – 3%

Oil prices fall this morning - at 7:55 Brent fell by 2.61%, to the level of $ 37.72, WTI - by 3.64% to $ 34.94. Last week, oil lost 9-10% amid the Fed's message and the return concerns about the second wave of coronavirus Last Wednesday, the Federal Reserve made it clear that the damage suffered the American economy due to the pandemic, may affect long time. This tempered the enthusiasm of investors and led to followed by not only a drop in oil prices, but also a decrease in the main stock indices in the US and Europe. In the United On Thursday, it was 5 - 7% in the States, and 4 - 5% in Europe. On Friday stock exchanges switched to growth again - Dow Jones closed with growth of 1.9%, S&P 500 - by 1.31%, NASDAQ - by 1.01%. With regard to European exchanges, the DAX ended Friday trading with a drop of 0.18%, on the FTSE 100 and CAC 40 - growth of 0.47%, and 0.49%, respectively.