Oil

Analysts note that oil quotes are rising amid the presidential election in the United States.

Currently, two people are subject to the sanctions; their names have not been announced.

This was reported on the website of the President of the Republic of Belarus.

The increased volatility of the oil quotes is caused by the anticipation of the results of the presidential election in the United States.

The reason is technical problems on the pipeline.

In the baseline scenario it may increase to 71 dollars by 2025, to 76 dollars by 2030, and to 85 dollars per barrel by 2040.

The cost of Brent was 42.47 US dollars per barrel; the price of futures for WTI was 40.24 dollars.

According to experts, from 2021, the demand will return to growth.

It results in a loss of over 3 million euros in potential revenues.

In the foreign exchange market, the US dollar also began to lose ground, although not so significantly.

The weekly energy reserves report will be released by the US Department of Energy on Wednesday at 14:30 UTC.

Now the organization expects a decrease by 9.5 million barrels per day, up to 90.2 million barrels per day.

This year, the USA has become the leader among the importers of Russian crude oil.

Under the Usual scenario, oil consumption will decrease by 10 % by 2050, under the Rapid scenario by 55 %, and under the Net Zero scenario by 80 %.

It reduced to 42.57 US dollars per barrel.