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Find all the economic and financial information on our Orishas Direct application to download on Play StoreSupported by the tightening of production in the United States, crude oil prices regained some of the ground lost the day before on Tuesday. However, Chinese demand remains a concern for investors.
Around 09:40 GMT (11:40 a.m. in Paris), a barrel of Brent from the North Sea for delivery in November was worth 74.89 dollars in London, up 1.31% compared to the previous day's close. In New York, the barrel of WTI for October, which is the last trading day, advanced 1.45% to 71.31 dollars. Prices were supported by an announcement by British-Dutch oil company Royal Dutch Shell that some of the equipment at the WD-143 complex, the transfer point for crude oil from fields off the coast of Louisiana, would not be not operational until early 2022. In the United States, gasoline demand is decelerating, which is also a factor in lower prices. The gasoline futures contract for October expiry fell to its lowest level in nearly a month on Tuesday. The market awaits Wednesday the weekly crude inventory figures in the United States, which should show, unsurprisingly, a further drop in reserves. It would be the seventh in a row.
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