The price of American WTI oil fell below $80 per barrel for the first time since August 29, according to trading data on the London Stock Exchange. ICE Futures.
As of 10:15 Moscow time, the price of December futures for WTI oil decreased by 1.08%, to $79.95 per barrel. January Brent crude futures are trading at $84.17 per barrel (-1.19%).
In early November, Gregory Daco, chief economist at EY-Parthenon (a division of the British group Ernst & Young), predicted that the development of the conflict between Israel and the Palestinian Hamas movement could lead to a sharp rise in oil prices, and global economic losses of $2 trillion. According to him, the average oil price could rise to $150 per barrel.
Read more about investor forecasts in connection with the military conflict in the Middle East in the Kommersant article “The Hamas Factor.”