Brent oil price during the bidding 5 October exceeded 83 dollars per barrel for the first time from October 10, 2018.
at 18:25 Msk December futures traded at 83.05 dollars (plus 2.15 percent). November WTI oil futures was worth 79.36 dollars (plus 2.24 percent).
Simultaneously with the rise in price of oil prices, the cost of gas in European markets is growing. Gas futures renew the record and rose above $ 1450 per thousand cubic meters. Against this background, Gazprom shares updated the historical maximum.
In early October, the Ministry of Finance of Russia made it possible to “catastrophic” reducing world oil demand in the long term. The report statement states that the transition of Western countries to a low carbon economy will reduce oil demand by 2050 to 17-24 percent of 2019, and the barrel cost will fall up to $ 25.