World oil prices fell to $36 a barrel Monday morning on concerns over demand following the announcement of new quarantine restrictions in Europe. However, during the day the asset managed to recover, the current Brent quotation is $37.50. Experts note that the deterioration of the situation with the coronavirus is forcing the authorities of European countries to take additional quarantine measures, which negatively affects expectations for economic recovery and oil demand. British Prime Minister Boris Johnson announced on October 31 stricter quarantine measures from November 5 to December 2. In the region, measures are being introduced that are actually similar to the spring lockdown. Austrian Chancellor Sebastian Kurz on Saturday also announced the start of the second lockdown from November 3. Germany from Monday to the end of November switches to the «soft» lockdown for the second time since the beginning of the pandemic. At the end of October, another government decree came into force in Italy, providing for new measures to combat coronavirus. In France, President Emmanuel Macron announced the introduction of a nationwide quarantine from October 30. Analysts note that the quarantine measures announced in the UK and Italy only exacerbate the negative situation in Europe.
QUICK LINKS
Contact Us 
