Oil fell on Covid-19 fears

The world oil prices are decreasing on Monday morning against the background of growing concerns about the spread of the coronavirus strain “Delta”.

On Monday morning, the cost of October futures on Brent oil decreased by 0.99% to 74.66 dollars per barrel. September futures on WTI are 0.92% raised – up to $ 73.27 per barrel, RIA Novosti reports.

Investors fear that the spread of the strain “Delta” may interfere with the restoration of the economy. According to analysts Anz, who quotes Wall Street Journal, due to a surge of cases of a very infectious strain, suffered, in particular, the demand for travel trips in connection with low vaccination rates in countries such as Indonesia and Thailand.