The price of a barrel of Brent crude oil (used as a reference for Angolan exports) was trading below $80 on Wednesday for the first time since July due to concerns about an economic slowdown that could affect global demand.
Brent was down 1.99% to $79.99 per barrel, and U.S. WTI crude oil was down 2.20% to $75.67, both at their lowest levels since July.
According to Lusa, at the end of June, Brent crude oil was trading slightly above $74 per barrel.
However, during the summer, it experienced an increase after the countries of the Organization of the Petroleum Exporting Countries (OPEC) announced production cuts while demand continued to rise, especially due to the Chinese economy.
