As of November 8 trading sessions, oil prices have decreased. On the New York NYMEX exchange, the price of WTI oil dropped by 1.85%, reaching $70.43 per barrel.
On the London ICE exchange, Brent oil prices declined by 1.64%, settling at $73.87 per barrel. These fluctuations in oil prices are mainly due to decreased global demand.
Experts note that this price drop could significantly impact the economies of oil-exporting countries.