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Oil quotes are now trying to reduce.

Pressure on prices is exerted by expanding quarantine measures against coronavirus in China. Several areas in major Chinese cities have been blocked, which has caused investors to fear that demand for fuel from the country of its leading world importer will decrease. Meanwhile, the International Monetary Fund expects China's economic growth to slow to 3.2% this year after rising 8.1% earlier. However, a serious decline in oil prices is hampered by strong data on the gross domestic product (GDP) of the United States and Germany: in the third quarter of this year, the American economy grew by 2.6% instead of the 2.4% expected, and the German economy grew by 1.1%. % instead of 0.7%, which gives investors hope that the global recession can be delayed.