After falling sharply on Thursday evening, oil prices picked up on Friday, November 18, 2022.

American crude hit its lowest level since the end of September. The price of black gold has fallen by more than 6% in the space of a week. Investors and markets are increasingly worried about weakening demand in the face of fears of further aggressive monetary tightening by major central banks and a gloomy economic outlook.

The barrel of Brent from the North Sea at 08:00 with maturity in January was trading at 90.09 dollars, up 0.35%. He gave up 3.31 percent at $89.78, under $90 on Thursday evening, his first time since early October. The 159 liters of West Texas Intermediate (WTI) were worth $82.28, up 0.79%, after dropping 4.61% to $81.64 the previous evening.

While OPEC is expected to keep oil markets under stress, traders remain cautious about very uncertain supply prospects as winter approaches, with the European Union (EU) expected to ban Russian crude flows starting in December.