18.11. Oil prices dip, Evergrande sells its share in HengTen streaming platform

News for today, November 18:

Oil prices dropped on Thursday, adding to the sharp decrease the day before, as China said it was going to release its oil reserves. This came after Reuters reported that the United States was asking large oil consumers to consider a coordinated release of their reserves to lower prices. As a result, oil prices fell to a six-week low, due in part to concerns about an oversupply, with Brent oil futures trading at $80, down about 8% from a three-year high reached last month.

European stock markets are expected to open slightly lower on Thursday as investors react to rising inflationary pressures in the region. The stock markets in Asia were still, while government bonds, gold and the yen experienced support. China Evergrande Group is selling its entire stake in HengTen Network Group for HK $2.13 billion (U.S. $273.5 million). This is a developer’s attempt to avoid default on its debts.

The price of Brent crude is $ 80.00 per barrel, WTI — $ 77.75. EUR/USD is at 1.1330, GBP/USD — 1.3502, gold is at $ 1,865.75 per ounce.­­­­